Committees

H.E. Mohammed Saif Al Suwaidi

H.E. Sheikh Mohammed Bin Saif Bin Mohammed Al Nahyan

H.E. Jassim Mohammed Alseddiqi

Mr. Abdulhamid Saeed – Group Chief Executive Officer

1. The committee shall be appointed by the Board comprising of at least three directors of FAB for a period of up to three years
2. The Group Board will rotate the role of Chairman at least once every three years

1. Business strategy and financial planning of FAB Group
2. Group management of FAB Group
3. Capital management at FAB Group
4. Lending activities of FAB Group
5. Investment activities of FAB Group
6. Other responsibilities

H.E. Nasser Ahmed Alsowaidi

H.E. Khaldoon Khalifa Al Mubarak

Mr. Abdulhamid Saeed – Group Chief Executive Officer

Permanent attendees – Mr. Melvin Frazer - Acting Group Chief Human Resources Officer

1. The committee shall be appointed by the Board comprising of at least three directors of FAB for a period of up to three years
2. The Committee will rotate the role of Chairman at least once every three years

1. Recommend the appointment of the directors and ensure that they have the right skills, knowledge and experience to be able to effectively discharge their responsibilities as Directors of FAB Group and to FAB’s shareholders
2. Conduct regular reviews of the structure, size and composition (including the skills, knowledge and experience) required for key positions in FAB and make recommendations to the Board as appropriate
3. Undertake succession planning for directors and where appropriate senior management
4. Ensure a smooth succession of board members and where appropriate, senior management
5. Review and recommend FAB’s reward and remuneration frameworks
6. Review, approve and oversee FAB’s general reward strategy and make recommendations to the Board concerning remuneration of the Board and senior management as well as arranging for recruiting, retaining and terminating services of board directors and the Group CEO
7. Determine proposals for granting and, when necessary, exercising share options for Board Directors and members of senior management
8. Be aware of and advise on major changes to employee benefit schemes.

H.E. Mohammed Thani Al Rumaithi

H.E. Mohammed Saif Al Suwaidi

Mr. Abdulhamid Saeed – Group Chief Executive Officer

Permanent attendees – Mr.Arif Shaikh – Group Chief Risk Officer

1. The committee shall be appointed by the Board comprising of at least three directors of FAB for a period of up to three years
2. The committee will rotate the role of Chairman at least once every three years

1. Ensure the establishment, operation and adequacy of an independent risk management system for managing the group’s risks on an enterprise-wide basis
2. Advise the Board on risk appetite and tolerance in alignment with the group’s strategy
3. Review the effectiveness of the Group’s Enterprise risk management framework
4. Approve the Operational Risk Management (ORM) Governance Structure across the Group
5. Monitor adequacy of capital/provisions maintained by the FAB Group
6. Annually review and approve all limits related to liquidity, funding, and interest rate risk management and approve methodologies of funds transfer pricing and valuation
7. Evaluate and advise the Board on the risks associated with proposed strategic acquisitions or disposals or other specific requests made by the Board
8. Review and satisfy itself with compliance by the Group with applicable laws, regulations and regulatory requirements in jurisdictions of Group’s operations
9. Assess that the bank’s compliance risk is being properly managed

H.E. Mohammed Thani Al Rumaithi

H.E. Sheikh Ahmed Sultan Al Dhaheri

Mr. Abdulhamid Saeed – Group Chief Executive Officer

Permanent attendees– Mr.Nurendra Pereira - Group Chief Audit Officer

1. The Committee shall comprise of at least three (3) and no more than five (5) members of which two (2) are non-executive members of the Board and one (1) is an independent member for a period of up to three years which may be extended for further periods of up to three years

1. Review and approval of financial reporting, including disclosures
2. Internal controls, governance and risk management framework
3. Compliance, Whistle blowing and Fraud
4. Group Internal Audit (GIA)
5. Statutory or external auditor