Board Committees

Composition: At least three (3) members of the Board of Directors, including the chairman, who shall be an independent director. Two (2) members shall be independent directors, including the chairperson. The Committee shall at all times be entirely consisting of independent and non-executive directors, with independent directors comprising majority of the members.

General Purpose and Authority: For purposes of ensuring transparency and fairness for all stakeholders, the RPT Committee is constituted by the Board of Directors to review proposed Related Party Transactions for the purpose of determining whether or not the transaction is on terms no less favorable to the Bank than terms available to any unconnected third party under the same or similar circumstances.