Bank of Nova Scotia Board Member Position Description

This document is a position description for board members of the Bank of Nova Scotia. It outlines the responsibilities and duties expected of each director as part of the Board of Directors. Key responsibilities include supervising the management of the Bank's business, overseeing its strategic direction, risk appetite, and ethical standards, and ensuring effective succession planning for senior management. Directors are required to attend meetings, prepare in advance, and act in the best interests of the Bank with diligence and care. They must maintain an equity investment in the Bank, understand the regulatory environment, and comply with Corporate Governance Policies. Additionally, directors are tasked with reviewing and approving the Bank's strategic direction, internal controls, and significant transactions, while also managing potential conflicts of interest and maintaining confidentiality regarding Bank information. The document was last reviewed and approved on June 24, 2024.