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EVALUATION OF THE IMPLEMENTATION OF THE CORPORATE GOVERNANCE CODE
The Financial Regulatory Commission reviewed and validated XacBank’s 2025 report on the implementation of the Corporate Governance Code and evaluated the Bank at 97.2%, indicating a good level of corporate governance with no identified risks.
| № | Evaluation Area | Maximum Score | As of 31 December 2025 | |
|---|---|---|---|---|
| FRC Score | Implementation Rate | |||
| 1 | Structure and Organization of the Board of Directors | 12 | 11 | 91.6% |
| 2 | Board Committees and Their Functions | 10 | 9 | 90% |
| 3 | Reporting and Information Transparency | 6 | 6 | 100% |
| 4 | Audit and Monitoring System | 6 | 6 | 100% |
| 5 | Risk Management | 8 | 8 | 100% |
| 6 | Remuneration of Authorized Officials | 6 | 6 | 100% |
| 7 | Stakeholders’ Interests | 8 | 8 | 100% |
| 8 | Corporate Culture | 6 | 6 | 100% |
| 9 | Shareholders’ Rights | 10 | 10 | 100% |
| Overall Score | 72 | 70 | 97.2%* | |
*As of 20 April 2026, the Financial Regulatory Commission reviewed and validated XacBank JSC’s report on the implementation of the Corporate Governance Code and initially assigned a score of 93%. However, following a submission by XacBank JSC of additional explanations regarding a certain evaluation criteria in the report, the final evaluation was revised to 97.2% as of 21 May 2026.
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