Page 25 - BKT Annual Report 2024 EN

INCENTIVE SYSTEM FOR THE CEO AND SENIOR The bonus amount is attributed based on the evaluation
EXECUTIVES of the results of the individual Performance Scorecard.
Remuneration schema may be changed every year from
The Incentive System for the CEO and Executives aims Remuneration Committee with the respective approval
to guide the behavior and managerial actions towards of Board of Directors to ensure that pay practices
reaching the objectives set for the Bank’s strategy and in do not encourage risk-taking that exceeds level of
the Business plan and to reward the annual performance tolerated risk. Clawback mechanism shall be applied to
assessed with a view to optimize the risk/return ratio. reclaim bonuses paid to Senior Executives under certain
conditions.
This System is formalized through Performance • Misstatement of Financial Results
Scorecards. • Misconduct
Performance Scorecards include both KPIs of financial • Risk Management Failures
nature and non-financial KPIs. • Regulatory Sanctions
• Financial Loss:

Remuneration Forms and Elements for the Board of Directors (every end of year) amount in (000’ALL)

Total value of remuneration awards for Immediate/for the current For past Periods
the current fiscal year period Year 2024 Year 2023

Variable elements of remuneration

Cash/bonus 132,233 109,895
Shares
Others

Variable elements of reward
Cash/bonus 83,469 65,171
Shares
Others

Remuneration Forms and Elements for the Executive Directors (every end of year) amount in (000’ALL)

Total value of remuneration awards for Immediate/for the current For past Periods
the current fiscal year period Year 2024 Year 2023

Variable elements of remuneration
Cash/bonus 124,618 144,273

Shares
Others

Variable elements of reward
Cash/bonus 88,360 123,792

Shares
Others

ANNUAL REPORT 2024 25