Committee Charting

Committee Charting

Elizabeth Bennett Russell Echlov Darrell Green Tom Haddock Patsy Rust Terry Saeger Committee Description Charter Documents Committee Description Charter Documents Committee Description Charter Documents
Audit & Risk Committee $ VCB CC
The Audit & Risk Committee has four members. Each member of the Committee is a non-management independent director. The Committee is responsible for overseeing the conduct and integrity of the Bank’s financial reporting to the regulatory bodies; the Bank’s systems of internal accounting and financial and disclosure controls; the qualifications, engagement, compensation, independence and performance of the Bank’s independent accountants, their conduct of the annual audit, and their engagement for any other services; the Bank’s legal and regulatory compliance; and the Bank’s Code of Ethics as established by management and the Board of Directors. The Committee is also responsible to review the results of regulatory reports, independent audit (internal and external), compliance and loan review systems to ensure compliance with board policies and to control the lending process, risk appetite and overall risk structure. The Committee also provides oversight of the Bank’s enterprise risk management framework, including the strategies, policies, procedures, and systems, established by management to identify, assess, measure, and manage the major risks facing the Bank.
Audit Committee Charter
Compensation Committee VCB CC
The Compensation Committee has six members. Each member of the Compensation Committee is a non-management independent director. The Compensation Committee is responsible for establishing and monitoring compensation and benefits for the Company. The Compensation Committee determines the compensation for the Chief Executive Officer, as well as the President and Chief Financial Officer. The Compensation Committee reviews and considers recommendations of the Chief Executive Officer when making compensation decisions for all other executives. The Compensation Committee also administers our equity incentive programs and oversees risk management with respect to material incentive arrangements. In addition, the Compensation Committee recommends to the full Board compensation for directors.
Compensation Committee Charter
Nominating Committee CC VCB
The Nominating Committee of the Board of Directors has six members. Each member of the Nominating Committee is a non-management independent Director. The Nominating Committee is responsible for identifying individuals qualified to become Board members. It also leads the Board in its annual review of the Board’s performance. The Nominating Committee’s duties and responsibilities include reviewing the size of the Board relative to its various responsibilities; assessing the independence of directors and nominees; developing criteria for identifying and selecting qualified Board nominees and recommending their election by the Company’s shareholders; and considering shareholder nominations.
Nominating Committee Charter
Audit & Risk Committee Compensation Committee Nominating Committee
Elizabeth Bennett $ CC
Russell Echlov
Darrell Green
Tom Haddock VCB VCB VCB
Patsy Rust CC
Terry Saeger CC
$= Financial Expert
CC= Chairperson
VCB= Vice Chairman Of The Board
= Member
*To view the charter documents, click on committee name.
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