Appointments and Remuneration Committee

NOMINATIONS AND REMUNERATION COMMITTEE

The Nominations and Remuneration Committee is a key standing body under the Board of Directors of Bank Kompanion. It plays a vital role in overseeing and enhancing the processes of appointing executives and key personnel, as well as developing and monitoring their compensation systems.

This Committee was established in accordance with the legislation of the Kyrgyz Republic, regulatory requirements of the National Bank, and the internal policies of the Bank. Its work ensures that all decisions related to hiring, promotion, and remuneration are made transparently, fairly, and in line with the Bank’s mission and strategic objectives.

The main goal of the Committee is to ensure that qualified and motivated professionals work at the Bank, and that the remuneration system supports their retention and development. At the same time, the Committee ensures that internal policies and procedures are followed and that compensation levels remain within market standards without compromising the Bank’s financial stability.

What does the Committee do?

• Reviews candidates for key positions in the Bank, including the Management Board, Internal Audit, Risk Management, Compliance Control, Corporate Secretary, and other critical roles;
• Provides the Board of Directors with recommendations on appointments and compensation levels for these positions;
• Conducts regular assessments of the performance of executives and key personnel to adjust motivation and remuneration as needed;
• Ensures that compensation is competitive, performance-based, and within reasonable market limits;
• Monitors compliance with all internal policies, procedures, and standards related to appointments and remuneration.

How does the Committee operate?

The Committee consists of at least three members of the Board of Directors, including at least one independent director. Experts and representatives from various departments may be invited to meetings for consultation when needed.

Meetings are held at least once per quarter and may be conducted in person or remotely via video or audio conferencing. All Committee decisions are advisory and are submitted to the Board of Directors for approval.

Who leads the Committee?

The Committee is chaired by a member of the Board of Directors, elected by majority vote. The Chair is responsible for organizing meetings, preparing agendas, coordinating the Committee’s work, and presenting all recommendations and proposals to the Board.

Why is this important?

A transparent and fair system of appointments and remuneration is a key factor in the Bank’s success. It helps attract and retain top professionals, motivates them to achieve strategic goals, and supports the organization’s financial stability. Through the work of the Committee, Bank Kompanion confidently moves forward, strengthening the trust of its employees, clients, and partners.