Risk & Capital Committee Sample Clauses

Risk & Capital Committee. The Risk & Capital Committee consists of three non-executive directors. As at the date of the Base Prospectus, the Risk & Capital Committee had the following membership: Name Position Xxxx Xxx xxx Xxxxxx chairman director of BELFIUS BANK Xxxxx Xxxxxx member director of BELFIUS BANK Xxxxxx Xxxxxxxxx member director of BELFIUS BANK The chairman of the management board, the chief risk officer, the chief financial officer and the member of the management board responsible for the treasury and financial markets attend the meetings of the committee as permanent invitees. The other members of the management board and non-executive directors attend the meetings upon invitation of the committee. The Risk & Capital Committee has advisory powers and responsibilities with regard to the board of directors in the following areas: • detecting risks inherent in the business of banking and insurance to which the bank is exposed; • supervising the bank’s risk policy (risk appetite and risk strategy) and comparing it with the bank’s approved risk appetite and risk strategy; • allocating the risk appetite to various categories of risk and defining the extent and limits of risk in order to manage and restrict major risks; • ensuring that these risks are in proportion to the bank’s equity; • supervising the effectiveness of the risk management function, infrastructure and organisation; • examining the main areas of exposure to risk and the manner in which they are managed; • formulating an opinion with regard to major transactions and new proposals for strategic activities that have a significant impact on the bank’s risk appetite; • obtaining information and analysing management reports as to the extent and nature of the risks faced by the bank. The Risk & Capital Committee of BELFIUS BANK operates independently of the Risk & Capital Committee of Belfius Insurance. A joint Risk & Capital Committee meeting may be held between BELFIUS BANK and Belfius Insurance at the request of the bank’s committee. To enable the audit committee to carry out its statutory assignment of “monitoring the effectiveness of internal auditing systems and managing the risks of the credit establishment”, the Risk & Capital Committee submits a report each quarter to the audit committee into developments in risks and impairments, and a further report at least once a year about the analysis of the report on operational risks. In the same way, the audit committee reports at least once a year to the Risk & C...
Sample 1
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Related to Risk & Capital Committee

  • Investment Committee The board of directors of the insurance company shall appoint an investment committee of the investment manager as the investment committee of the insurance company. The investment committee shall meet at least once each quarter to review the investments and loans of the insurance company.

  • Advisory Committee The Settling State shall designate an Opioid Settlement Remediation Advisory Committee (the “Advisory Committee”) to provide input and recommendations regarding remediation spending from that Settling State’s Abatement Accounts Fund. A Settling State may elect to use an existing advisory committee or similar entity (created outside of a State-Subdivision Agreement or Allocation Statute); provided, however, the Advisory Committee or similar entity shall meet the following requirements:

  • Special Committee The term “Special Committee” shall have the meaning as provided in Section 13(a).

  • Oversight Committee The Oversight Committee will resolve all issues arising out of the implementation of the wage structure and any unresolved issues arising out of the implementation committee review of the collective agreement and any other agreements between the parties. This committee will be comprised of two (2) senior level representatives from the Company and two (2) senior level representatives from the PWU. Should the Oversight Committee reach an impasse on an issue the matter may be remitted to mediation/arbitration using the same mediator/arbitrator as agreed to in Article 8.4.4.

  • Audit Committee (A) The Audit Committee shall be composed of five members who shall be selected by the Board of Directors from its own members, none of whom shall be an officer of the Company, and shall hold office at the pleasure of the Board.

  • Management Committee The Members shall act collectively through meetings as a "committee of the whole," which is hereby named the "Management Committee." The Management Committee shall conduct its affairs in accordance with the following provisions and the other provisions of this Agreement:

  • Joint Union/Management Committee It shall be appropriate for either the Union or the University to request that a Joint Union/Management committee be convened, with Environmental Health and Safety as a participating member, to discuss health and safety concerns and to explore options for addressing those concerns through appropriate training or other approaches.

  • Labour Management Committee (a) Where the parties mutually agree that there are matters of mutual concern and interest that would be beneficial if discussed at a Labour-Management Committee Meeting during the term of this Agreement, the following shall apply.

  • Investment Managers Third party investment managers that manage and direct the investment activities of Investment Funds or are retained to manage and invest a designated portion of the assets of the Master Fund.

  • Union-Management Committee There shall be a union/management committee comprised of four (4) employee representatives appointed by the Union and four (4) employer representatives. The Committee's purpose is to provide and promote effective and meaningful communication of information and ideas and to make joint recommendations on matters of concern. Matters that are properly the subject of an individual grievance will not be discussed at this committee. The Committee will meet quarterly, unless agreed otherwise, at a time and place mutually agreed to provided there is business for their joint consideration. The parties will exchange agenda items at least one (1) week prior to the meeting. The parties further agree the Committee may meet at any time its members mutually agree a meeting should be held. The duties of the Chairperson will be shared by the parties. Copies of the minutes shall be provided to Committee members. The employer agrees to pay for time spent during regular working hours for representatives of the union attending such meetings. The parties may utilize video or teleconferencing services for the purposes of committee members attending committee meetings, where appropriate and available. Neither party can unreasonably deny an initiative to utilize video or teleconferencing services.

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