The Nomination Committee consists of 3 members of the Board of Directors, at least 2 of whom have no executive duties, as determined by the Board of Directors. Members elect a chairman from among themselves. Nomination Committee members are appointed and dismissed by the Board of Directors. The Nomination Committee meets once a year or at the invitation of the chairman or one of the members, or as the case may be. The date, time, place and agenda of the meeting will be determined by the chairman and the meeting agenda will be sent to the members 7 days before the date of the meeting. It makes suggestions for the nominations to be made to the Board of Directors (representing KFH’s capital), the General Manager and the Vice General Manager positions to the Board of Directors.
The aim of the committee is to develop a transparent and regulated Wage Policy that ensures that the Board of Directors, CEO and Board of Directors’ remunerations are competitive and consistent with the bank’s culture, objectives and strategies. The Committee convenes at least once a year, preferably at the end of the year, to review the current system and determine the CEO, senior management and employee annual wages for the following year. In case of need, additional meetings are held in line with the requests of the Chairman of the Committee and other members. The date, time, place and agenda of the meeting are determined by the chairman and the invitation and the meeting agenda is sent to the members at least 7 days before the meeting date.