The Supervisory Board is supported by four committees: Audit & Risk Committee, HR, Remuneration and Nomination Committee, Compliance Oversight Committee and Information Technology Committee.

The main objective of each committee is as follows:

Audit and Risk Committee: The Audit & Risk Committee assists the Supervisory Board in monitoring the status of and developments in the Bank’s risk-management system (e.g. risk appetite, risk profile, capital, liquidity) and internal control system, including the activities of the risk-management function, internal audit function, and internal control-related issues. The committee monitors the financial reporting process, oversees the accounting policies and practices, and ensures that CEB maintains adequate internal control systems and processes. In addition, the committee performs a review of CEB’s financial statements and the reports of the external auditor. Moreover, it discusses the relationship with the external auditor, including their independence, remuneration, and other permitted services executed for the Bank.

HR, Remuneration and Nomination Committee: This committee advises the Supervisory Board in all areas of remuneration -in general and pertaining to (individual members of) the Bank’s Identified Staff-, nomination of Supervisory Board and Managing Board members and key function holders and general HR matters (including but not limited to organization and leadership development, diversity and inclusion, recruitment, employability, mobility and outflow of employees and employee engagement).

Compliance Oversight Committee: The Compliance Oversight Committee assists the Supervisory Board in overseeing the Bank’s overall compliance framework. This framework is designed to address the wide range of compliance and regulatory risks the Bank faces in alignment with applicable local and international legal and regulatory requirements. The committee keeps the Supervisory Board informed about relevant developments and best practices in compliance, evaluating their applicability to CEB. Additionally, it provides guidance to the Managing Board on enhancing CEB’s overall compliance framework.

Information Technology Committee:The Information Technology Committee assists the Supervisory Board in advising and overseeing the Bank’s group (i) IT strategy and strategic IT projects and alignment thereof with the Bank’s overall business objectives, (ii) IT security, IT risk and IT operational resilience, (iii) significant IT investments, (iv) sourcing strategy, (v) IT governance, and leadership, and (vi) Compliance with relevant IT regulations and standards.

Each committee has its own charter, approved by the Supervisory Board.

The members of the respective committees are: