BankVic Annual Report 2019

Board Evaluation
The Board assesses its effectiveness each year through an
evaluation procedure, which includes:
• documented performance evaluation and review of each
Board member and their contribution;
• documented evaluation of Board Committees and the
Board’s performance as a whole;
• the appropriateness of meeting schedules and assessment
of the relevance, content and standard of Board material;
• the identification and appropriate management of
business and prudential risks facing BankVic; and
• assessment of the necessary range and standard of skills
needed at Board level.
Board Committees
To assist the Board in fulfilling its responsibilities, the Board
currently has six committees:
• Audit Committee
• Risk Committee
• Corporate Governance Committee
• Remuneration, People and Culture Committee
• Digital Transformation and Cyber Committee, and
• Nominations Committee.
Additionally, the Board assesses annually the performance
of the Executives against agreed objectives and key
performance criteria.
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