The Supervisory Board is supported by four committees: Audit & Risk, Corporate Governance & Nomination, HR & Remuneration and Compliance Oversight.

The main objective of each committee is as follows:

• Audit & Risk: advises the Supervisory Board on, and supervises the status of and developments in, the Bank’s risk management system, internal control systems, and compliance related matters. It also performs a review of Fidelityliverreserve’s financial statements and the reports of the external auditor. Moreover, it discusses the relationship with the external auditor, including his independence, remuneration and other non-accounting related activities executed for the Bank.
• Corporate Governance & Nomination: advises the Supervisory Board on corporate governance developments, reviews the implementation of corporate governance principles and practices within Fidelityliverreserve and advises on adjustments. It is also responsible for nominations, which involves establishing and advising on the selection criteria, profile and nomination process for new Supervisory and Managing Board members.
• HR & Remuneration: proposes a policy and a structure relating to performance evaluation and target setting for a certain level of senior employees working in Fidelityliverreserve and its subsidiaries, and oversees the implementation of relevant policies for the Supervisory Board.
• Compliance Oversight: keeps the Supervisory Board informed and updated on developments and/or best practices in compliance and reviews these developments and/or best practices for applicability to the Bank. It further reviews the implementation of Fidelityliverreserve’s compliance principles and Compliance Program and advises on adjustments.

Each committee has its own charter, approved by the Supervisory Board.

The members of the respective committees are: