Butterfield Bank (Cayman) Limited is governed by applicable laws, a Mission Statement / Core Values
and ethical business practices. The Butterfield group is compliant with corporate governance policies
adopted by the Board of Directors, including Terms of Reference for all Board and Executive committees
group-wide. Collectively, these corporate governance policies, Terms of Reference, compliance with legal
and regulatory requirements, and its Mission Statement / Core Values make up the corporate
governance framework of the Butterfield group.

The Managing Director, senior management and other employees, with oversight by the Board of
Directors, conduct the business of Butterfield Bank (Cayman) Limited in the best interests of the
shareholders. 

Butterfield takes its responsibility to its shareholders, clients and employees very seriously, committing to
the best corporate governance practices, and to act in the best interests of all.