Management

Members of the Expert Group on Strategy & Budget:

1. Head - Teymur Huseynov
2. Member - Azer Abilov
3. Member - Khayal Bagirov

Duties of the Expert Group:

* Providing opinions and recommendations to the Board of Directors of the Company regarding the draft Strategic Plan developed by the Managing Board of the Company
* Providing opinions and recommendations to the Board of Directors of the Company regarding the monitoring reports on implementation of the Strategic Plan of the Company submitted by the Management Board
* Providing opinions and recommendations regarding the amendments to the existing Strategic Plan submitted to the Company's Board of Directors by the Management Board
* Providing opinions and recommendations to the Board of Directors of the Company regarding the draft budgets submitted by the Management Board
* Providing opinions and recommendations to the Board of Directors of the Company on the issues relating to the activities of the Committee
* Providing opinions on all documents relating to the Budget and Strategic Plan to be approved by the Board of Directors
* Performing other duties assigned by the Board of Directors of the Company and determined by legislation.
* Performing other duties specified in the relevant Charter.

Members of HR Expert Group:

1. Head – Aytan Abbasli
2. Member – Shahin Mammadov
3. Member – Nofel Rzayev

Duties of the Expert Group:

* Reviewing reports related to human resources on a quarterly basis
* Ensuring active participation of members of the Board of Directors of the Company in the implementation of priority tasks specified in the HR policy of the Company;
* Reviewing proposals on improving the company’s HR policy
* Reviewing HR-related high-risk deficiencies and gaps identified during internal and external audits
* Reviewing drafts of the company's internal documents regulating HR-related issues and making relevant recommendations.
* Performing other duties specified in the relevant Charter.

Members of the Remuneration & Appointments Committee:

1. Head – Jalal Gasımov
2. Member – Rovshan Allahverdiyev
3. Member – Shahin Mammadov

Duties of the Committee:

* Reviewing and approving internal documents related to the application of the reward policy and ensuring their compliance with the risk management policy of the Company;
* Reviewing the company's talent matrix (Succession planning and identifying high-potential employees)
* Submitting key performance indicators (KPI) of the members of the Management Board for verification and approval of the Board of Directors of the Company
* Performing other duties specified in the relevant Charter.
* Ensuring relevant conditions for proper implementation of the appointment and rewarding process.
* Performing other duties specified in the relevant Charter.

Members of the Risk Management Committee:

1. Head– Shahin Mammadov
2. Member – Nofal Rzayev
3. Member – Ali Huseynov

Duties of the Committee:
* Providing recommendations to the Board of Directors regarding the current state of the risk management system and assisting in fulfilling relevant duties, for instance, providing recommendations to the Board of Directors regarding risk areas that require special attention
* Promoting the development of an effective corporate risk management structure and relevant risk culture that ensures its sustainability
* Supporting the Board of Directors in building the strategy;
* Reviewing and approving the results of risk identification, assessment and measurement processes
* Assessing the assumptions and limitations of relevant methods and tools used in risk assessment, effectiveness and appropriateness of data resources and application procedures
* Reviewing other reports along with risk reports covering the Company's overall risks at the portfolio level
* Providing reports to the Board of Directors on any changes in the company's risk profile;
* Reviewing the Risk Appetite Statement and submitting it to the Board of Directors for approval
* Making decisions regarding actions in case of non-compliance with the limits
* Assessing, approving and monitoring the implementation of development initiatives in the area of risk management
* Performing other duties specified in the relevant Charter.

Chairman of the Audit Committee - Emil Ibrahimov

e-mail: emibrahimov@pasha-life.az

Member of the Audit Committee - Narmin Isgandarova

e-mail: nisgandarova@pasha-life.az

Independent Member of the Audit Committee - Gunduz Hagverdiyev

e-mail: ghagverdiyev@pasha-life.az

Head of Internal Audit - Elmar Mammadrzayev

e-mail: emammadrzayev@pasha-life.az

Chief Accountant - Togrul Islam

e-mail: tislam@pasha-life.az

Responsible Actuary - Murad Muradli

e-mail: mmuradli@pasha-life.az