Changes in the Board Committees

RNS Number : 0531A

TBC Bank Group PLC

31 January 2022

 

Establishment of ESG and Ethics Committee and Changes in the Board Committees

TBC Bank Group PLC ("TBC PLC") together with its main subsidiary JSC TBC Bank (the "Bank") is pleased to announce a new membership structure of its committees and the establishment of the Environmental, Social and Governance ("ESG') and Ethics Committee at the Board and the Supervisory Board level.  The purpose of the ESG and Ethics Committee is to support the Board and the Supervisory Board in its oversight of the strategy, policies, initiatives and programs in relation to ESG matters.

Eran Klein, independent non-executive director, has been appointed as the chair of the ESG and Ethics Committee. The other members of the ESG and Ethics Committee are Tsira Kemularia and Rajeev Sawhney.

Rajeev Sawhney has been appointed as the new chair of Technology and Data Committee.

The composition of the Board-level committees is as follows:  

Member	Audit Committee	Risk Committee	Remuneration Committee	CGN Committee	Technology and Data (T&D) Committee	ESG and Ethics Committee
Arne Berggren (Chairman)			M	C
Tsira Kemularia (SID)	M					M
Maria Luisa Cicognani		M	C	M
Eran Klein		M			M	C
Per Anders Fasth	C	M	M
Thymios Kyriakopoulos	M	C			M
Rajeev Sawhney				M	C	M
Nino Suknidze	M		M	M

M - Member, C-Chairman, SID-Senior Independent Director

For further enquiries, please contact:

Director of International Media and Investor Relations

Zoltan Szalai

Or

Head of Investor Relations

Anna Romelashvili

[e-mail]

About TBC Bank Group PLC ("TBC PLC")

TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank ("TBC Bank") and a group of companies that principally operate in Georgia in the financial sector and other closely related fields. TBC PLC also recently expanded its operations in Uzbekistan. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of FTSE 250 Index. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.

TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, with a total market share of 38.4% of customer loans and 40.1% of customer deposits as of 30 September 2021, according to data published by the National Bank of Georgia.

 

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