Source: directors’ biographical details extracted from 2024 annual report

The Board has set up five Board Committees which are delegated with different responsibilities to assist the Board in performing its duties. They are Audit Committee, Strategy and Corporate Governance Committee, Risk Management Committee of Board of Directors, Remuneration Committee and Nomination Committee.

(1) Strategy and Corporate Governance Committee (“SCG”)

SCG aims to enhance the strategic development and planning of the Bank and to strengthen the corporate governance framework of the Bank, including but not limited to reviewing the Bank’s strategic development plan, strategic capital deployment and major institutional restructuring and adjustment plans, and makes recommendation to the Board. Meanwhile, the committee is also responsible for reviewing the Bank’s compliance with legal, regulatory and corporate governance standards, providing advice on corporate governance practice, enhancing the transparency and quality of information disclosure of the Bank, overseeing the corporate structure of the Bank and keeping abreast of changes in regulations, with the aim to maximize sustainable corporate values and shareholder’s interests.

(2) Audit Committee (“AC”)

AC assists the Board in monitoring the Bank’s financial reporting process independently and external audit function, ensuring an effective system of internal control and compliance (including risk management system), and supervising the internal audit function. Meanwhile, the committee is also responsible for reviewing the Bank’s compliance with applicable rules, including but not limited to the requirements and guidelines of regulators, businesses or laws.

(3) Risk Management Committee of Board of Directors (“BRMC”)

BRMC reviews the Bank’s position in various risks and approves risk management principles, major policies, guidelines and risk appetite of the Bank. It also monitors and reviews the effectiveness of the risk management system of the Bank, including its ability to withstand stress conditions. The key risks it oversees include credit, market, operational, interest rate, legal and compliance, liquidity, reputation and strategic risks.

(4) Nomination Committee (“NC”)

NC is responsible for assessing the suitability of the candidates and recommending to the Board all new appointments of Directors and senior management executives. NC also reviews the structure and composition of the Board on a regular basis, and assesses the efficiency of the Board.

(5) Remuneration Committee (“RC”)

RC is responsible for overseeing the remuneration of the Directors and senior management of the Bank to ensure their remuneration is appropriate for their duties and consistent with the Bank’s culture, strategy and control environment. RC is also responsible for recommending to the Board on the Bank’s remuneration policy framework. advising and assisting the Board in discharging its responsibilities for the Bank’s culture-related matters.

The names of Directors who have served on the Board of the Bank’s subsidiaries
(In alphabetical order by English Family Name)