Central Bank of Jordan Circular No. 12/10/12606 on Annual Remuneration Reporting

In the name of Allah, the Most Gracious, the Most Merciful

Central Bank of Jordan

Ref: 12/10/12606 Date: 19/9/1438 AH Corresponding to: 19/9/2017 AD

Circular to Banks Operating in the Kingdom

Greetings,

Based on the provisions of Article (69/A) of Banking Law No. (28) of 2000 and its amendments, Article (15) of the Effective Corporate Governance Instructions for Banks, and Article (17) of the Effective Corporate Governance Instructions for Islamic Banks, please ensure to provide us with the attached statements, properly filled out, within two weeks from the date thereof, for the year 2016 data. These will be provided to you in the form of an (Excel) file via email to the Compliance Officer. We emphasize the necessity of providing us with this data annually by the end of the first quarter of each year at the latest.

Emphasizing the necessity to observe the highest degrees of accuracy and clarity for the required data.

Please accept our highest respect,

Governor Dr. Ziad Fariz

Attached. Form (1/1/09)

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Central Bank of Jordan

• Usually approved at the end of the year. ** Details are clarified (if any). *** Mention by name.

Bank Name: .................... Salaries and Bonuses Granted to Each of the Board of Directors and Senior Executive Management For the Year ....................

Second: Bonuses Granted to Senior Executive Management Members

			Annual Bonuses and Benefits Granted
	Salaries	Travel Allowance	Bonuses *	Travel Expense Allowance	Commissions	Other Benefits **	Total Annual Bonuses	Total Salaries and Bonuses	Bonus Form Cash/Shares	Payment Method Monthly/Annual
**Regulatory Department Officials (by Job Title) ***
-1
-2
**Non-Regulatory Department Officials (by Job Title) ***
-1
-2
Assistants/Deputy General Manager/Regional
General Manager/Regional
Senior Executive Management Members
Total

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Central Bank of Jordan

• Usually approved at the end of the year. ** Details are clarified (if any).

Bank Name: .................... Salaries and Bonuses Granted to Each of the Board of Directors and Senior Executive Management For the Year ....................

First: Bonuses Granted to Board of Directors Members

	Independence Status	Salaries	Travel Allowance	Bonuses *	Travel Expense Allowance	Committee Membership Allowance	Board/Committee Meeting Attendance Allowance	Commissions	Other Benefits **	Total Annual Bonuses	Total Annual Bonuses and Salaries	Bonus Form Cash/Shares	Payment Method Monthly/Annual	Deferred Bonus Amount
Board Chairman				0						0	0
Vice Chairman				0						0	0
Other Board Members				0						0	0
-1				0						0	0
-2				0						0	0
-3				0						0	0
-4				0						0	0
-5				0						0	0
Total				0						0	0

Salaries and Bonuses Granted to Each of the Board of Directors and Senior Executive Management For the Year ....................

• Was the bonus policy for both Board of Directors and Senior Executive Management members based on the evaluation system approved by the Board?
• What are the Key Performance Indicators (KPIs) included in the evaluation system?
• What elements were taken into consideration when preparing the policy (risks, liquidity, profits, and their timing)?
• The granting of bonuses was based on administrative performance for the years from ............ to ............
• Are there upper limits for bonuses for both Board of Directors and Senior Executive Management members? And are these limits numerical or a percentage of an indicator (profits, capital, etc.)?
• Is the attendance allowance for Board committee meetings based on specific grounds according to the nature of the committee?

Form (1/1/09)

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Central Bank of Jordan

• Usually approved at the end of the year. ** Details are clarified (if any).

Bank Name: .................... Salaries and Bonuses Granted to Each of the Board of Directors and Senior Executive Management For the Year ....................

Third: Bonuses Granted to Any Position / Contract in the Bank under the title of Consultant or similar

Name	Title	Salaries	Travel Allowance	Bonuses *	Travel Expense Allowance	Commissions	Other Benefits **	Total Annual Bonuses	Total Salaries and Bonuses	Bonus Form Cash/Shares	Payment Method Monthly/Annual	Deferred Bonus Amount
Total

Fourth: Salaries of New Employees (Without Experience)

Education Level	Salary
Doctorate
Master's
Bachelor's
Other

Form (1/1/09)