Governance

that serves the Group’s

objectives

As part of its corporate governance system, Attijariwafa bank has established a set of

rules that govern how its Board of Directors operates.

A Group Governance Charter, setting out the governance system in place within

the Attijariwafa bank Group, provides a formal framework for the principles, rules,

procedures and processes laid down to govern the way the system operates within the

bank and its subsidiaries, with the aim of promoting sound corporate governance.

Within the framework of this system, a set of rules govern the way in which the bank’s

Board of Directors operates, rules of procedure set out its missions and the ways in

which its meetings are organized and held, while a Directors’ Charter sets out the

rights and obligations associated with the role of Director, particularly as regards the

conf identiality of information, the management of conf licts of interest and transactions

involving the bank’s securities.

Following best corporate governance practices, the Board of Directors has set up 5

specialized committees to provide in-depth analyses and advice on specif ic issues.

These Committees are governed by a charter or rules of procedure def ining their

mandate, composition, scope and operating rules.

At year-end 2022, the Board of Directors comprised 11 Directors, including 3

independent Directors, with a renewable 6-year term. It is chaired by Mohamed El

Kettani, Chairman and CEO of the Group since 2007. The Board of Directors met 8 times

in 2022, with an attendance rate of 94%.

Governance