Management

Members of the Expert Group on Strategy and Performance:

1. Head - Ilya Arkhipov
2. Member - Shahin Mammadov
3. Member - Asef Huseynov
4. Member - Ruslan Hasanov
5. Member - Elchin Suleymanov

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 the Risk Management Committee:

1. Head – Ali Huseynov
2. Member – Nofal Rzayev
3. Member – Asef 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 - Oqtay Hasanov

e-mail: oktay.hasanov@kapitalbank.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 (Int. Mgr.) - Samir Aliyev

e-mail: saliyev@pasha-life.az

Chief Accountant (A.A) - Jahangir Mammadov

e-mail: jahmammadov@pasha-life.az

Responsible Actuary - Murad Muradli

e-mail: mmuradli@pasha-life.az