The Group is compliant with corporate governance policies adopted by the Board of Directors, including Terms of Reference for all Board Committees Group-wide.
Collectively, these corporate governance policies, Terms of Reference, compliance with legal and regulatory requirements, and its Mission Statement/Core Values make up the corporate governance framework of The Bank of N.T. Butterfield & Son Limited.
The Chief Executive Officer (CEO), senior management and other employees, with oversight by the Board of Directors, conduct the business of The Bank of N.T. Butterfield & Son Limited in the best interests of its shareholders.
Butterfield takes its responsibility to its shareholders, clients and employees very seriously, committing to corporate governance best practices and acting in the best interest of all.
Directors' and Executive Officers' Share Interests
Pursuant to Regulation 6.9(2)(x)(a) and (b) of Section IIA of the Bermuda Stock Exchange Listing Regulations, the total interests of all directors and executive officers of the Bank as at June 30, 2024 in the common shares of the Bank were 571,925 shares.
During the 6 month period ended June 30, 2024, 434,595 restricted common shares of the Bank were granted to executive officers* and 13,316 unrestricted common shares were granted to directors*. During the same period, no stock options were granted by the Bank and no outstanding stock options were exercised by executive officers or directors.
*Refers to executives and directors in office as at June 30, 2024.
The Bank of N.T. Butterfield & Son Limited
Committee Composition
Audit Committee
Alastair Barbour, Chair
Sonia Baxendale
Mark Lynch
John Wright
Compensation & Human Resources Committee
Jana Schreuder, Chair
Alastair Barbour
Stephen E. Cummings
John Wright
Risk Policy & Compliance Committee
Mark Lynch, Chair
Stephen E. Cummings
Ingrid Pierce
Jana Schreuder
Corporate Governance Committee
Sonia Baxendale, Chair
Alastair Barbour
John Wright
