The Board has established Board Committees to assist it to meet its responsibilities.
Audit and Governance Committee (AGC)
The Board Audit and Governance Committee assists the Board in fulfilling its corporate governance and oversight responsibilities in relation to the
• Bank’s financial and APRA reporting
• internal and external audit functions
• risk management framework
• internal control system
The AGC meets at least 5 times a year. See the
AGC Charter for further information.
Risk and Compliance Committee (RCC)
The Board Risk and Compliance Committee assists the Board in fulfilling its corporate governance and oversight responsibilities in relation to the:
• Bank’s risk appetite statement
• risk management (including compliance) function
• risk management framework
• risk management strategy
The RCC meets at least 6 times a year. See the
RCC Charter for further information.
Digital Committee (DC)
The DC assists the Board in overseeing the end-to-end digital delivery of ME's products and services through:
• Receiving regular reporting on the digital ecosystem and customer experience;
• Monitoring the investment in the IT architecture, infrastructure and support systems to underpin the safe and effective delivery of the products and services.
• Monitoring the development and implementation of the annual Program of Work, being the suite of initiatives and investments to implement the Bank’s change program and to underpin the delivery of the strategic initiatives.
The DC meets at least 4 times a year. See the
DC Charter for further information.
People and Remuneration Committee (PRC)
The PRC assists the Board to oversee the Bank's people and their performance by:
• monitoring remuneration and compensation (including superannuation) for the directors, CEO, executive management, and other employees;
• providing a formal forum for the Board and management to discuss human resource matters.
• monitoring succession planning for executive management; and
• ensuring there is a robust and effective performance evaluation process for the Board, its committees, and directors.
The PRC meets at least 5 times a year. See the
PRC Charter for further information.