Great Southern Bank is a member owned organisation
We report against the ASX Corporate Governance Principles and Guidelines to provide members with further confidence in the governance of their credit union.
Key areas of focus for the Board and its committees include:
Solid foundationsLay solid foundations for management, oversight and guideance of the organisation. |
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Structure to add valueStructure the board to add value. |
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Act ethicallyAct ethically and responsibly. |
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Respect membersRespect the rights of members. |
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Safeguard integritySafeguard integrity in corporate reporting and make timely and balanced disclosures. |
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Manage riskRecognise and manage risk |
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Remunerate fairlyRemunerate fiarly and responsibly. |
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Manage disruptionsManage business disruptions. |
Great Southern Bank Committees
Board Audit Committee
- Review effectiveness of financial reporting and professional accounting requirements
- Review and endorse for Board approval the annual financial statements of the Company
- Oversee the internal and external audit functions
- Monitor compliance with statutory reporting, other legislative requirements (including APRA & ASIC) and internal company policy.
Board Risk Committee
- Advise on current and future risk appetite and risk management strategy
- Oversee and align current and future risks relative to risk appetite and capital management
- Ensure prudential and statutory requirements for risk are met
- Ensure an objective view on the internal control environment of the Group
- Oversee the appointment, removal, performance and objectives of the Chief Risk Officer.
Remuneration and Nominations Committee
- Assist the Board in discharging its responsibilities in relation to remuneration matters
- Advise on the Company’s Remuneration Framework for non-executive directors
- Advise on the Company’s Remuneration Policy and performance-based incentive work
- Advise on strategic human resources and workplace health and safety policies
- Advise on succession planning
- Assess all persons as to their fitness and propriety in line with the Constitution and the relevant Policy.