Governance

The Group’s established governance and risk management systems are a key component of our sustainability focus. The Board has consistently placed great importance on the governance of the Group, which it believes is vital to the well-being of the business.

Ethical policies

Policies and codes of conduct have been established by the Group’s Board and the Group Executive team to support the Group’s objectives, vision and values.

Find out more about our Statement of Professional Practice. 

 

Reporting fraud and unethical behaviour policy

Our management and Board are committed to maintaining an ethical work environment and an organisational culture that does not tolerate internal fraud, corrupt conduct, maladministration, serious or substantial waste, accounting or auditing irregularity, or breaches of any law or internal policy. To encourage our staff to report breaches with confidence, the Group’s Reporting Fraud and Unethical Behaviour Policy ensures reports will be dealt with honestly, professionally and confidentially.

 

Political donations

Our policy limits the Group’s political donations to the payment of fees for attendance at functions and conferences. No cash donations are made to any political party.

 

Governance statement

This statement reflects the key aspects of the Commonwealth Bank’s corporate governance framework. The Board has adopted a comprehensive framework of Governance Guidelines which are designed to properly balance performance and conformance and thereby allow the Group to undertake, in an effective manner, the prudent risk-taking activities which are the basis of its business. The Guidelines and the practices of the Group comply with the revised ‘Corporate Governance Principles and Recommendations’ published in August 2007 by the Australian Securities Exchange (ASX) Limited’s Corporate Governance Council.