The Supervisory Board is supported by three committees: Audit & Risk, HR, Remuneration and Nomination Committee and Compliance Oversight.

The main objective of each committee is as follows:

Audit and Risk: The Audit and Risk Committee assists the Supervisory Board in monitoring the status of and developments in the bank’s risk-management system and internal control system, including the activities of the risk-management function, internal audit function, and internal control-related issues. The committee monitors the financial reporting process, oversees the accounting policies and practices, and ensures that CEB maintains adequate internal control systems and processes. The committee also performs a review of CEB’s financial statements and the reports of the external auditor. Moreover, it discusses the relationship with the external auditor, including their independence, remuneration, and other permitted services executed for the bank.

HR, Remuneration and Nomination Committee: This committee is to act as adviser to the Supervisory Board in all areas of remuneration – in general and pertaining to (individual members of) the Identified Staff, nomination of Supervisory Board and Managing Board members and key function holders and general HR matters (including but not limited to organization and leadership development, diversity and inclusion, recruitment, employability, mobility and outflow of staff and employee engagement).

Compliance Oversight: The Compliance Oversight Committee assists the Supervisory Board in overseeing the bank’s overall compliance framework, which is designed to respond to the various compliance and regulatory risks the bank is exposed to according to applicable local and international legal and regulatory requirements. The committee keeps the Supervisory Board updated on developments and best practices in compliance and reviews these for applicability to CEB. It further gives guidance to the Managing Board on how to further improve CEB’s overall compliance framework.

Each committee has its own charter, approved by the Supervisory Board.

The members of the respective committees are: