Information about the Meetings of the Board of Directors

The Board meetings are, as per the Articles of Incorporation, held at least once a month, yet interim meetings might be held in case of need. Meeting agenda is prepared in accordance with the proposals of Head Office departments. Moreover, various reports requested by the Board of Directors from the Bank management and off the agenda topics put forward by the Board members are discussed during the meetings. Meeting agenda and related documents are distributed to the Board members and auditors before the meetings according to the principles determined by the Board.

15 Board meetings were held in 2011. Generally, full participation is achieved at the meetings. In 2011, 13 meetings were held by full participation and two members could not attend in two of the meetings, one for each meeting. 583 pages of meeting minutes were taken at the Board meetings in 2011. 954 resolutions were made both during the meetings and by examining files.