Board Committees

Board Committees

Certain responsibilities are delegated to Board Committees, which assist the Board of Directors in carrying out their functions and ensure that there is independent oversight of internal control and risk management.

The Chairman of each Board Committee reports to the Board of Directors on the matters discussed at Committee meetings.

Board Audit Committee

Monitors disclosure controls and procedures and the internal control environment

Reviews accounting policies and the contents of financial reports

Oversees the relationship with our external auditors

Considers the adequacy and scope of the external and internal audit

Board Reputation Committee

Considers iib's reputational risk issues and exposures

Considers conduct risk and the effectiveness of the process in place to ensure fair customer outcomes

Oversees iib's approach to customer and regulatory matters

Board Nominations Committee

Reviews composition of the Board of Directors

Recommends appointment of new Directors

Considers succession plans for Chairman and Chief Executive positions

Monitors corporate governance issues