The Committee, among other responsibilities, defines the Bank’s policy on the remuneration and compensation of its Executive Management members, ensuring that executive members of BoD receive compensation and benefits according to their duties and responsibilities, following the evaluation of their performance with regards to the targets of the approved budget and the prevalent conditions in the competitive environment. Succession and Nomination Committee of BoD members Depending on the assignment it is required to perform, the committee has a dual role either as a Succession Committee or as a Nomination Committee regarding the members of Board of Directors.