Directors and Management of BOQ are committed to excellence in corporate governance and support the Principles of Good Corporate Governance and Best Practice Recommendations developed by the Australian Securities Exchange’s Corporate Governance Council ('the principles'), as the basis for enhancing the credibility and transparency of our capital markets.
Consistent with our values of passion, achievement, courage, integrity and teamwork, the Board has, over many years, developed and implemented policies and practices which are consistent with the principles.
We pride ourselves on our commitment to excellence in all aspects of our operation, including in corporate governance.
The key aspects of BOQ’s corporate governance framework and practices are outlined in the Corporate Governance Statement.
The Board Charter sets out the key governance principles adopted by the Board in governing BOQ. Its goals are to look after its staff, valuing and servicing its customers, rewarding its shareholders and partnering with the community.
The Principles of Good Corporate Governance and Best Practice Recommendations developed by the ASX Corporate Governance Council require directors of the Bank to assess and disclose the 'independence' of its Board. The Board appreciates that it is important for the integrity of capital markets that directors are not only independent, but can be seen to be independent and so supports this initiative.
The Board Performance Review and Renewal Policy sets out the Board’s guidelines for reviewing its performance and those of its Committees to maintain peak performance and to ensure that the Board remains open to new ideas and independent thinking while retaining adequate expertise.
This Committee provides assistance to the Board of the Bank in relation to corporate governance matters generally, Board succession planning, and the performance of the Board and its Committees and the performance of any subsidiary Boards and their Committees.
The Audit Committee is charged with making recommendations to the Board on the adequacy of external and internal audit.
The annual appraisal of the performance of the Bank’s external Auditor is required under the Bank’s Audit Committee Charter. This policy sets out the minimum requirements and responsibilities for that evaluation.
The Risk Committee recommends to the Board the parameters of the Bank’s risk management strategy, monitors the Bank’s risk profile and oversees inherent risks.
The Human Resources & Remuneration Committee is a committee of the Board of Directors that makes recommendations regarding remuneration.
The purpose of the Information Technology Committee is to assist the Board to fulfil its corporate governance and oversight responsibilities for the Group’s investments, operations and strategy in relation to technology and information systems.
This Policy outlines how BOQ's external auditor will maintain their independence.
This Charter sets out the key governance principles adopted by the St Andrew's Insurance Board.
This Charter sets out the key governance principles adopted by the St Andrew's Life Insurance Board.
The Bank is committed to promoting a culture where diversity is embraced, and as part of this commitment, the Bank has developed this Diversity Policy.
The Code of Conduct sets out the principles our Board, employees, Owner-Managers and contractors are expected to uphold in order to promote the interests of BOQ and its shareholders and drive relationships between employees, customers and the community.
This policy has been developed to help you understand BOQ’s securities trading requirements, insider trading and your obligations under Australian law.
The Australian government introduced the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act 2006 in response to our international obligations to fight money laundering and terrorism financing. BOQ takes preventing money laundering and terrorism financing very seriously and is implementing the necessary changes to meet its obligations.
The purpose of this policy is to set out the Group's approach to the assessment of the fitness and propriety of persons who hold, or who are to be appointed or elected to, a Responsible Person Position.
This document outlines the administration of the Employee Share Plan. The Plan provides eligible employees with the opportunity to be rewarded with equity for helping to create and sustain long term value for the shareholders in the company, and thereby to align the interests of the employees more closely with the interests of the shareholders.
The Award Rights Plan is part of the Bank's remuneration policy of providing effective long term incentives for performance of the Bank's staff.
The Market Disclosure Policy provides a framework to assist BOQ in achieving its aims of keeping the market informed of material information and enhancing its communication with the market. This thereby ensures its compliance with legal requirements.