The Human Resources and Remuneration Committee shall comprise non-executive directors.  It shall be responsible for recommending to the Board the remuneration of the Board Members including the Chairman (for subsequent approval by meeting of shareholders). The Committee will also formulate the remuneration policy and the terms of employment for the Chief Executive Officer, President and senior management of the Bank.

The Human Resources and Remuneration Committee will recommend the succession of the Chief Executive Officer, President, when considered necessary, and review the succession plan for senior management and key staff, to be submitted to the Board of Directors, and will monitor the implementation of the Bank's human resources vision and strategy including management development program.