10.1 As an integral component of the board, independent non-executive directors represent a key layer of oversight of the activities of a credit institution. It is essential for independent non-executive directors to bring an independent viewpoint to the deliberations of the board that is objective and independent of the activities of the management and of the credit institution.

10.2 Independent non-executive directors shall be identified clearly in the credit institution's annual report.

10.3 The independent non-executive directors shall have a knowledge and understanding of the business, risks and material activities of the credit institution to enable them to contribute effectively.

10.4 The independent non-executive directors shall comprise individuals with relevant skills, experience and knowledge (such as accounting, auditing and risk management knowledge) who shall provide an independent challenge to the executive directors of the board.

10.5 Dedicated support shall be available to independent non-executive directors on any matter requiring additional and/or separate advice to that available in the normal board process.