Board Committee Overview

UBIDAC Board of Directors is the principal decision-making forum for the company. It has overall responsibility for leading and controlling the company and is accountable to shareholders for financial and operational performance. The Board approves strategy and monitors performance. Throughout 2024 the UBIDAC Board held six scheduled meetings and six out of course meetings.

UBIDAC Risk Committee provides oversight and advice to the Board in relation to current and potential risk exposures of UBIDAC and risk strategy, including determination of risk appetite and tolerance. Throughout 2024 UBIDAC Risk Committee held six scheduled and six out of course meetings.

UBIDAC Audit Committee assists the Board in discharging its responsibilities in relation to the disclosure of the financial affairs of UBIDAC and Related Party Lending. Throughout 2024 UBIDAC Audit committee held five scheduled meetings and four out of course meetings.

UBIDAC Performance and Remuneration Committee is responsible for the preparation of decisions regarding remuneration, including those which have implications for the risk, and risk management of UBIDAC, considering the interests of shareholders, investors and other stakeholders in the institution and the public interest. Throughout 2024 UBIDAC Performance and Remuneration Committee held five scheduled and three out of course meetings.

UBIDAC Nominations Committee assists the Board in the formal selection and appointment of directors having regard to the overall balance of skills, knowledge, experience, and diversity on the Board. Throughout 2024 UBIDAC Nominations Committee held five scheduled and three out of course meetings.

UBIDAC Executive Committee manages operational issues material to UBIDAC. The committee considers strategy, finance and budget, capital allocations, risk strategy and policy and risk management.