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The Audit and Risk Committee is an advisory body formed by the supervisory board of the bank which acts under the supervision of the supervisory board.

The objective of the Audit and Risk Committee is to monitor and analyse the following in compliance with legislation:
1) the processing of financial information;
2) the efficiency of risk management and internal supervision and auditing;
3) the auditing process of annual accounts or consolidated accounts;
4) the independence of the audit firm and the sworn auditor representing the audit firm on the basis of legislation, and the compliance of the activities with the requirements of the Auditors Activities Act.

When performing the duties of the risk committee, the competence of the Audit and Risk Committee shall include:
1) counselling the supervisory board and the management board in the field of risk management principles and risk tolerance of the credit institution;
2) exercising supervision over the implementation of risk management principles by the management board pursuant to the instructions of the supervisory board;
3) inspecting compliance with the business model and risk management principles of the credit institution in the fees established for the clients of the credit institution and, in the case of any deficiencies, submitting an improvement plan to the supervisory board.

The Audit and Risk Committee of the bank has four members:

Rainer Rohtla is a Chairman of the Supervisory Board of Coop Pank AS and also a member of the audit and risk committee, the nomination committee as well as the remuneration committee of Coop Pank AS. Since 2023 February he acts as chairman of the board of Coop Eesti Keskühistu. He has obtained higher education in logistics management from Jyväskyla university of Applied Sciences, Finland. Rainer Rohtla has worked in top management positions in various logistics management related international enterprises, latest of them from 2019-2022 as General Manager of Via 3L Group.

Veiko Haavapuu is an experienced financial expert and a Member of the Board and Financial Director of Coop Eesti Keskühistu. Veiko Haavapuu has previously worked as the CFO of several large companies and organizations, such as Statoil, Tallink and Rail Baltica. He holds a bachelor's degree in Accounting and Business Managment from Tallinn University of Technology and has studied International Business Administration in the Estonian Business School.

Silver Kuus is a Member of the Supervisory Board of Coop Pank AS and also a member of the audit and risk committee as well as the nomination committee. Silver Kuus has worked in top management positions in different financial institutions, latest of them from 2017-2019 as manager of corporate banking at Luminor Bank AS. Currently, he is manager of a business consulting company OÜ LORIKORU CAPITAL.

Stan Nahkor is a financial expert and sworn auditor with long-term experience in management, financial auditing, business consulting and risk management. He has been a partner at Ernst & Young, a member of the board of PricewaterhouseCoopers and a member of the management of Sorainen Law firm. Stan Nahkor holds a bachelor's degree in business administration from the Estonian Business School.

The Remuneration Committee is a body subordinate to the supervisory board of the bank whose task is to assess the application of the principles of remuneration in the bank and the impact of decisions related to remuneration on meeting the requirements laid down concerning risk management, company funds and liquidity.

The Remuneration Committee shall:
1) exercise supervision over the remuneration of members of the management board and employees;
2) assess at least once a year the application of principles of remuneration and make a proposal, where necessary, about updating the principles of remuneration;
3) prepare draft decisions on remuneration for the supervisory board of the credit institution.

In its activities, the Remuneration Committee shall proceed from the long-term interests of the shareholders or members and clients of the credit institution, and from public interest.

The Remuneration Committee of the bank has four members:

Rainer Rohtla is a Chairman of the Supervisory Board of Coop Pank AS and also a member of the audit and risk committee, the nomination committee as well as the remuneration committee of Coop Pank AS. Since 2023 February he acts as chairman of the board of Coop Eesti Keskühistu. He has obtained higher education in logistics management from Jyväskyla university of Applied Sciences, Finland. Rainer Rohtla has worked in top management positions in various logistics management related international enterprises, latest of them from 2019-2022 as General Manager of Via 3L Group.

Irja Rae has obtained master’s degrees from University of Tartu in business administration and from Tallinna Tehnikaülikool (TalTech) in digital change-management. She has long experience in HR consultation companies Fontes PMP and Fontes Palgakonsultatsioonid OÜ. Irja Rae is currently a member of management board in Fontes Palgakonsultatsioonid OÜ.

Jaan Marjundi is a Member of the Supervisory Board of Coop Pank AS. Presently, Jaan Marjundi is the Chairman of the Management Board of Harju Tarbijate Ühistu, a Member of the Supervisory Board of Coop Eesti Keskühistu and a Member of the Management Board of the non-profit association Eesti ODD Fellow Ühing. From 2000 to 2007, Jaan Marjundi worked as the Retail Chain Director of Eesti Tarbijate Ühistute Keskühistu (current business name Coop Eesti Keskühistu). From 2007-2017, Jaan Marjundi was a Member of the Management Board of OÜ Puidu Apartments, and before that as a Member of the Management Board of Eesti Taaskasutusorganisatsioon MTÜ (2005-2014) and a Member of the Management Board of the Estonian Traders’ Association (1997-2014). From 2011-2019, Jaan Marjundi was the Chairman of the Supervisory Board of Coop Kaubanduse AS. Jaan Marjundi graduated from the Tallinn Polytechnic Institute in 1979 in the field of technology and organisation of communal catering.

Raul Parusk is a Member of the Supervisory Board of Coop Pank AS. He has obtained a master’s degrees in political economy from Moscow National University and in business management from Vienna Business School. He has worked in top management positions in different companies, including credit institutions. In the period 2017 until August 2021, Raul Parusk was a member of management boards of Forus Grupp OÜ, Forus Security AS and Forus Haldus OÜ.

Nomination Committee is a working body subordinate to the bank's supervisory board, aimed at ensuring transparency in the selection process and objectivity in the suitability evaluation of members of the management and supervisory board.

The Nomination Committee's responsibilities include, among other things,

• Determining the composition of the management and supervisory board based on the bank's strategy
• Managing the selection process of management and supervisory board members, assessing the balance of candidates' knowledge, skills, and experience
• Evaluating the education, experience, and professional suitability of management and supervisory board members, as well as their collective ability to act, based on the bank's needs
• Reviewing the principles for ensuring the diversity of the management and supervisory board and assessing their appropriateness
• Setting target levels for the representation of individuals of less represented genders in the management and supervisory board and preparing an action plan on how to increase the number of such individuals to reach the set target level.

The Nomination Committee of the bank has three members:

Rainer Rohtla is a Chairman of the Supervisory Board of Coop Pank AS and also a member of the audit and risk committee, the nomination committee as well as the remuneration committee of Coop Pank AS. Since 2023 February he acts as chairman of the board of Coop Eesti Keskühistu. He has obtained higher education in logistics management from Jyväskyla university of Applied Sciences, Finland. Rainer Rohtla has worked in top management positions in various logistics management related international enterprises, latest of them from 2019-2022 as General Manager of Via 3L Group.

Silver Kuus is a Member of the Supervisory Board of Coop Pank AS and also a member of the audit and risk committee as well as the nomination committee. He has obtained a master’s degree in international business management from Estonian Business School. Silver Kuus has worked in top management positions in different financial institutions, latest of them from 2017-2019 as manager of corporate banking at Luminor Bank AS. Currently, he is manager of a business consulting company OÜ LORIKORU CAPITAL.

Viljar Arakas is a Member of the Supervisory Board of Coop Pank AS as well as the nomination committee. Viljar Arakas holds a bachelor's degree in business administration from EBS International University and has completed his second bachelor's degree at Hogeschool NOVI in the Netherlands. Viljar Arakas is a founding member and a member of the Management Board and CEO of EfTEN Capital AS, the largest management company focused on commercial real estate in the Baltic States.

The auditor of Coop Pank AS is Aktsiaselts PricewaterhouseCoopers (registry code 10142876) who was appointed the auditor of the Bank for the period from 2020 to 2022 at the annual general meeting of shareholders held on 28 May 2020.

On 01.11.2022 they were appointed for the new period 2023-2027.