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 Stock 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 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.
The Corporate Governance Committee is responsible for ensuring BOQ maintains excellence in its corporate governance practices.
The Audit Committee is charged with making recommendations to the Board on the adequacy of external and internal audit.
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 Remuneration Committee is a committee of the Board of Directors that makes recomendations regarding remuneration.
The Nomination Committee is charged with ensuring appropriate Board composition and nomination of Directors to the Board and its committees.
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
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.
The Senior Management Option Plan (SMOP) was established by the Bank to provide Senior Management Employees with a means of receiving options over Bank of Queensland Limited Shares. 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.
The Investor Relations Policy is designed to promote effective communication with shareholders. It provides them with ready access to balanced, understandable information about Bank of Queensland and simplifies their participation at general meetings. This Policy is in addition to and designed to enhance our Market Disclosure Policy.