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

The main objective of each committee is as follows:

Audit and Risk: The Audit and Risk Committee assists the Supervisory Board in monitoring the status of and developments in the bank’s risk-management system 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. The committee also 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.

Corporate Governance and Nomination: This committee advises the Supervisory Board on corporate governance developments, reviews the implementation of corporate governance principles and practices within Credit Europe Bank and advises on adjustments. It is also responsible for nominations, which involves establishing and advising on the selection criteria, profile and nomination process for new Supervisory and Managing Board members.

HR and Remuneration: This committee advises the Supervisory Board in all areas of HR and Remuneration in general and in issues pertaining to the Managing Board and Identified Staff. Furthermore, it proposes a policy and a structure relating to performance evaluation and target-setting for a certain level of senior employees of CEB and its subsidiaries and oversees the implementation of relevant policies for the Supervisory Board. In addition, the committee is engaged in succession planning.

Compliance Oversight:The Compliance Oversight Committee assists the Supervisory Board in overseeing the bank’s overall compliance framework, which is designed to respond to the various compliance and regulatory risks the bank is exposed to according to applicable local and international legal and regulatory requirements. The committee keeps the Supervisory Board updated on developments and best practices in compliance and reviews these for applicability to CEB. It further gives guidance to the Managing Board on how to further improve CEB’s overall compliance framework.

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

The members of the respective committees are: