Our Board has developed and adopted a Board Charter which deals with governance, the role and responsibilities of the Board, and the term and tenure of elected Directors - guided by the Australian Prudential Regulation Authority's (APRA) standard regarding Governance.
The role of the Audit Committee is to assist the Board of Bank First in the effective discharge of its responsibilities for financial information and reporting, internal controls, assessing risk management effectiveness, and the internal and external audit processes.
Governance, Culture, Remuneration & Accountability Committee (GCRA)
The role of the GCRA is to monitor the operation of, and adherence to all Bank Board governance policies, its Constitution, and relevant Australian Prudential Regulation Authority (APRA) governance related standards.
The purpose of the Board Risk Committee is to assist the Board of Bank First in its oversight of the risk management framework and the risk management strategy of Bank First within the context of the risk appetite determined by the Board and to ensure the Bank has an effective compliance management framework.
Regulated Persons Policy
The purpose of the Regulated Persons Policy is to establish and describe Board policy relating to the fitness and propriety of individuals who hold positions of responsibility in compliance with Bank First’s regulatory requirements.
The purpose of the Whistleblower Policy is to outline the Bank’s approach to receiving and dealing with whistleblower reports and protected disclosures.