Corporate Governance

Pursuant to the Argentine Capital Markets Law and its implementing regulations, we are required to have an audit committee consisting of at least three members of our Board of Directors with experience in business, finance, accounting, banking, and audit matters. Under CNV regulations, at least a majority of the members of the audit committee must be independent directors.

As a foreign private issuer listed in the United States, our audit committee is composed of independent members designated by our Board of Directors, who are independent under Rule 10A-3 under the Exchange Act.

All three members of our audit committee are financially literate and Laurence Nicole Mengin de Loyer is a financial expert.

We will take the necessary measures to ensure that independent alternate members are available in order to fill possible vacancies. A quorum for a decision by the audit committee will require the presence of a majority of its members and matters will be decided by the vote of a majority of those present at the meeting. A chairman of the committee must be appointed during the first meeting after members of the committee have been appointed. The chairman of the committee may cast two votes in the case of a tie. Pursuant to our bylaws, audit committee members may participate in a meeting of the committee by means of a communication system that provides for a simultaneous transmission of sound, images and words, and members participating by such means count for quorum purposes and the committee will pass resolutions by the affirmative vote of the majority of members present either physically or by means of such communication system. If the committee holds meetings by means of such communication system, it must comply with the same requirements applicable to Board of Directors’ meetings held in such way. Decisions of the audit committee will be recorded in a special corporate book and will be signed by all members of the committee who were present at the meeting. Pursuant to Section 17 Chapter III Title II of the CNV Rules, the audit committee must hold at least one regularly scheduled meeting every three months.

The Audit Committee has a written charter that establishes its duties and responsibilities. The current charter was approved by the Board of Directors in 2020.

Our audit committee performs the following duties and responsibilities among others:

• issues an opinion on the Board of Directors´ proposal to shareholders for the designation of the external auditors;
• analyzes the different services rendered by external auditors, reviews their plans, and fees, and evaluates their performance, giving an opinion on this matter when the Company issues its financial statements;
• maintains an understanding of the internal auditing procedures to ensure that they are complete and up-to-date and approves such procedures to then submit them to the Board of Directors for their consideration and approval;
• ensures and evaluates the performance of the Internal Audit function, establishing its human and budgetary resources, approves the Annual Internal Audit Plan and additional ad-hoc audits, and oversees compliance with the Audit Plan, issuing an opinion on the planning and performance of Internal Audit when the annual financial statements of the Company are filed;
• ensures that the recommendations contained in audit reports are followed;
• oversees the adequacy, appropriateness, and effectiveness of our internal control systems to ensure the reasonableness, reliability, adequacy and transparency of our consolidated financial statements, financial and accounting information and our consolidated financial statements and information;
• oversees the maintenance of adequate internal controls by each of Grupo Supervielle’s subsidiaries to minimize risk through the consolidation of best practices with respect to each of the businesses;
• evaluates the quality of internal processes with the aim of overseeing the quality control of customer service, the risk control, and the efficiency control in the operation of the Company;
• takes knowledge of Grupo Supervielle’s financial, reputational, legal, and operative risks, and oversees compliance with policies designed to mitigate these such risks;
• assists the Board of Directors in the supervision of the financial statements, analyzing Grupo Supervielle’s financial statements and the consolidated financial statements with its controlled and associate companies prior to their presentation to the Board of Directors and with the necessary depth to assess their reasonableness, reliability, and clarity;
• supervises the reliability of the financial information and the information on relevant events that are presented to the markets and control agencies;
• assists the Board of Directors in supervising compliance with the established policies, processes, procedures, and rules established by Grupo Supervielle and its controlled and associate companies;
• takes knowledge of compliance with the applicable regulations in matters related to conduct in the securities markets, data protection, as well as that the requirements of the competent bodies on these matters are addressed in a timely and appropriate manner;
• ensures that the Code of Ethics and Internal Conduct Code comply with current rules and regulations;
• verifies the fulfillment of any applicable rules of conduct;
• takes notice of complaints regarding accounting, internal controls over financial reporting and auditing matters, received through the applicable procedures;
• provides the market with complete information on transactions in which there may be a conflict of interest with members of our various corporate bodies or controlling shareholders;
• issues grounded opinions on related-party transactions under certain circumstances and file such opinions with regulatory agencies as required by the CNV;
• issues an opinion on the reasonableness of fees or stock option plans for our directors and managers proposed by the Board of Directors;
• issues a report before any Board of Directors´ resolution to buyback our shares;
• issues an opinion on our fulfillment of legal requirements and the reasonableness of the terms of the issuance of shares or other instruments that are convertible into shares in cases of capital increase in which pre-emptive rights are excluded or limited;
• at least once a year and upon the filing of the Company´s annual financial statements, issues a report to the Board and the shareholders addressing the work done to perform its duties, and the results of its work;
• performs all duties stated in its chart, our bylaws and laws and regulations.

Additionally, the audit committee is required to prepare an annual working plan and present it to the Board of Directors and the Supervisory Committee within sixty calendar days of the beginning of the fiscal year. Members of the board, members of the Supervisory Committee and external independent accountants are required to attend the meetings of the audit committee if the audit committee so requests it, and are required to grant the audit committee full cooperation and information. The audit committee is entitled to hire experts and counsel to assist it in its tasks and has full access to all of our information and documentation that it may deem necessary.

We have an anti-money laundering and anti-terrorist finance committee consisting of three members of our Board of Directors. Decisions of the Anti-Money Laundering and Anti-Terrorist Finance Committee are recorded in a special corporate book and signed by all members of the committee who were present at the meeting. Among its duties, the anti-money laundering and anti-terrorist finance committee must:

• oversee compliance with current applicable anti-money laundering rules and ensure that Grupo Supervielle and its subsidiaries are in compliance with best practices related to anti-money laundering;
• take knowledge of the amendments to the applicable regulations and provide for the timely revision of the internal policies and procedures manuals accordingly;
• maintain an understanding of the best market anti-money laundering practices and oversee its implementation at the Group’s and its subsidiaries’ level;
• oversee compliance with disclosure of information to the competent authorities; and
• carry out all those functions established by the rules of the Financial Intelligence Unit and other applicable provisions on the matter.

The Nominations and Remuneration Committee is made up of at least 3 directors. The Chairman of the Committee must be an independent director under the Regulations terms of the Comisión Nacional de Valores (National Securities Commission.) The Nominations and Remuneration Committee performs the following functions:

• Assist the Board of Directors in the nomination of Directors process and in the definition of criteria for identification and selection of qualified individuals to be candidates for the Board of Directors.
• Identify and interview candidates to be part of the Board of Directors and recommend candidates to the Board to be nominated at the Shareholders' Meeting.
• Coordinate the induction process for new members of the Board of Directors and Senior Management.
• To dictate principles, parameters and guidelines of remuneration policies applicable to independent and non-independent members of the Board of Directors, Senior Management and staff in general, including (as the case may be) fee schemes, fixed and variable salaries and incentive plans, retirement plans and associated benefits, following current regulatory provisions.
• Carry out an annual evaluation of the financial incentives system for Senior Management, which may be carried out by an independent firm. Work together with the Risk Management Committee in evaluating incentives generated by the aforementioned economic incentive system for personnel.
• Prepare (in conjunction with the Ethics, Compliance & Corporate Governance Committee) criteria and guidelines for the Board's self-evaluation process and review it periodically.
• Coordinate implementation of the Board's annual self-evaluation and prepare an annual report on the matter, in accordance with established evaluation guidelines and criteria. Also coordinate self-evaluation of the Board Committees performance.
• Raise proposals for strategic human resources plans to the Board, including but not limited to, human capital development plans, incentive plans and / or monetary and non-monetary benefits, communication plans, labor relations plans and training plans and carry out periodic monitoring of the implementation of said strategic plans.
• To dictate guidelines to conduct annual performance evaluations of personnel.
• Submit proposals to the Board of Directors for appointments of senior managers of Grupo Supervielle companies (CEO, Deputy CEO and Senior Managers).
• Promote achievement of high standards of integrity and honesty on the part of all employees of Grupo Supervielle and its subsidiaries.
• Approve and inform the Board of Directors of the contracting of insurance policies applicable to the Board of Directors and members of Senior Management.
• Review the organizational structure of Grupo Supervielle and its subsidiaries.
• Propose recommendations to the Board of Directors regarding its composition.
• Exercise those other competencies assigned to this Committee by the Board of Directors.

• supervise our system of controls and disclosure procedures to ensure that the information required to be made known to the public (directly or through regulatory bodies) is recorded, processed, summarized and reported accurately and in a timely manner;
• evaluate the effectiveness of disclosure controls and procedures to determine the need or desirability of making changes to those controls and procedures in relation to the preparation of the next periodic reports;
• review of any information related to a material fact that must be submitted to the Argentine Securities and Exchange Commission, Buenos Aires Stock Exchange, Mercado Abierto Electrónico S.A., Securities and Exchange Commission, New York Stock Exchange, the Argentine Central Bank, the Superintendency of Insurance, and any other regulatory body with which it interacts and which relates to (i) mandatory reports; (ii) press releases containing financial information, information on significant or material transactions; (iii) publication of relevant facts, (iv) oral communication and written correspondence for dissemination to shareholders and investors; and (v) any other relevant piece of information that should be communicated; and
• propose to the Board the policy for the management of confidential information and control its compliance, particularly that related to legal persons.