INTERNAL ORGANISATION
According to Article 12, para. 1, of the Law on the Banque Cantonale du Valais, the Board of Directors is responsible for overall management and supervision of the Bank and its business affairs. It lays down the Bank’s general policy and defines, in its guidelines, the way in which the Bank’s mission of furthering the Valais economy should be translated into reality.   >>>

BOARD COMMITTEES
The organisation of the Board of Directors is governed by the internal Rules of the Board of Directors. In addition to its full meetings, the Board is organised into committees. These committees are the Audit Committee, the Remuneration and Appointments Committee and the Strategy Committee. The committees have no independent authority. They merely report to the Board, which is the sole decision-making authority. The Board is entitled to use the Bank’s infrastructure to carry out administrative tasks on its behalf.  >>>

AREAS OF RESPONSIBILITY
The Board of Directors is responsible for overall management and supervision of the Bank. It adopts and regularly reviews the Bank’s business strategy, lays down the Bank’s organisational structure and approves its risk policy. Moreover, it is responsible for shouldering those responsibilities and tasks as stipulated in law (Article 716a of the Swiss Code of Obligations).     >>>

INSTRUMENTS CONCERNING INFORMATION AND MONITORING WITH RESPECT TO SENIOR MANAGEMENT
The monitoring and supervision of operations undertaken by Senior Management are achieved via regular information flows. Senior Management reports to the Board of Directors about significant business events or matters of general interest. All operations undertaken by Senior Management are reported to the Board of Directors in the form of the recorded minutes of Senior Management’s meetings.   >>>