Composition of Risk Management Committee:
1. PASHA Holding, Deputy CEO, Shahin Mammadov – Chairman
2. PASHA Holding, Banking Group Manager, Vugar Akhundov – Member
3. PASHA Bank, CRO, Hayala Nagiyeva – Member
4. PASHA Bank, CFO, Bahruz Naghiyev – Member
5. PASHA Holding, Group Risk Management Director, Asaf Huseynov – Member
6. PASHA Holding, Director of Macroeconomic Research Department, Elman Eminov – Member
7. PASHA Bank, COO, Jalal Orujov – Member
8. PASHA Holding, Senior Adviser, Parvin Ahadzade - Non voting Member.

Functions of the committee:
• Submission for approval of the Supervisory Board risk management strategies, policies and regulations, as well as their modification and confirmation;
• Inspection and presentation risk limit to the Supervisory Board for approval;
• Assigning a specific method of risk identification and assessment, as well as selection tools, and determine the frequency of their implementation;
• Preparation of a report on the status of risks faced by the Bank, and the efficiency of the risk management system, as well as submission of them to the Supervisory Board;
• Conducting monitoring of risks accepted by bank for compliance risk management strategy;
• Submission to the Supervisory Board proposals for improving the risk management system;
• Evaluate the work of Risk Management Department and inform Supervisory Board and the Executive Board on the outcomes of assessment;
• Make suggestions to the Supervisory Board on the powers of structural subdivisions and other internal departments, which execute risk management function;
• Inspect plan for emergencies, along with the Executive Board and present to Supervisory Board;
• Submit to Supervisory Board candidated for Risk Management Department's Director;
• Perform other duties stipulated by law.