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 of Directors’ Committees
Organisation of the Board of Directors is laid down in Organisational and Management Rules & Regulations (Règlement d’organisation et de gestion – ROG). In addition to meeting in plenary sessions, the Board of Directors also meets in committees. The standing Board committees are: the Audit Committee, the Remuneration & Appointments Committee, and the Strategy & Risks Committee. These committees have no stand-alone powers of their own. As part of their brief, they may only formulate proposals and recommendations to be tabled to the full Board, which remains the sole decision-making governing body. For administrative work associated with the committees, the committees may call upon the Bank’s infrastructure. >>>

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).     >>>

Duty of disclosure and declaration of conflicts of interest
Members of the Board of Directors shall notify the Board of Directors of any position that they have taken up or might take up as a director, manager or executive officer in another company. >>>