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