MILLI RE 2020 ANNUAL REPORT

Financial Status Risks and Assessment of the Governing Body Unconsolidated Financial Statements Together with Independent Auditors’ Report Thereon Consolidated Financial Statements Together with Independent Auditors’ Report Thereon Milli Re Annual Report 2020 25 Human Resources Applications Providing the working environment conducive for employees to work efficiently, effectively, and happily, and protecting and guaranteeing their financial and moral rights are among the fundamental tenets of the Human Resources Policy of Milli Re. In recognition of the fact that its staff is one of the main contributors in its achievements, Milli Re has highly qualified employees, devoted to their work and the Company, open to continuous learning and development. Fundamental principles of the Human Resources policies of the Company are recruiting suitable candidates with qualifications suitable for vacant positions, providing a business environment that enables the staff to work efficiently, productively and happily; protecting and observing financial and moral rights of employees, as well as fair and equal opportunities of development and training in view of personal skills, facilitating the staff to foster social relationships for motivation and efficient execution of all processes. At year‑end 2020, Milli Re has 205 employees including Singapore Branch. Application Job applications, which are made via personel@millire.com from our corporate website and by other communication means, are stored in the candidate pool of our Company. Applications are examined when required, and candidates who are considered suitable for the positions are contacted. Recruitment Milli Re recruits candidates in view of qualifications required for the relevant position and applicant’s ability to adapt to the corporate culture. Performance Management Performance appraisals of our employees are conducted on an annual basis in accordance with the Performance Appraisal System Guidelines and career planning and training needs are determined based on the results of the appraisals.