Announcement of Criteria for Board of Directors Nominations
Dear Shareholders
We are pleased to announce the Criteria established for the selection of candidates for the Board of Directors. These standards ensure that nominated individuals possess the essential knowledge, experience, integrity, and financial soundness required to serve in this capacity effectively.
General (Collective) Requirements for the Board
– Board Size: minimum nine and maximum thirteen (9-13) directors.
– Diversity: At least two female directors to ensure gender diversity and a mix of academic, technical, and professional backgrounds.
– Collective Skills and Competencies: A balanced mix of skills covering banking, finance, law,
management, technology, sustainability, and other relevant areas.
Commitment and Conflicts of Interest: No individual should hold directorships in more than four organizations.
Individual Eligibility Criteria for Directors
1. Education and Experience
– Directors: A minimum of a first degree from a recognized institution and at least seven years of
relevant experience (e.g., banking, finance, law, technology).
– Independent Directors: A master’s degree or equivalent in a relevant field and at least ten years of
experience in finance, risk management, auditing, or other related fields.
2. Integrity
– No criminal record related to dishonesty or fraud.
– No history of withholding information or failing to meet regulatory requirements.
– No disciplinary actions or investigations for breaches of trust, fraud, or financial crime.
3. Financial Soundness
– No history of personal or affiliated entity bankruptcy.
– No record of loan defaults, tax payment failures, or non-performing loans within the two years
preceding the National Bank’s assessment.
– For share purchases, net worth must exceed the value of shares acquired.
These criteria are designed to enhance the leadership strength and governance of the Board, ensuring we are well-equipped to guide the bank toward sustainable success.
Thank you for your attention and commitment to upholding these standards.
