To assist in carrying out its duties, the First Republic board has delegated certain authority to committees.
The Audit Committee oversees risk through its review of the financial reporting and accounting processes, internal audit and the external auditor.
The Compensation Committee reviews the compensation policies, incentive arrangements and employment agreements to determine whether compensation is in line with prudent management practices, peer firms and industry standards.
Corporate Governance and Nominating Committee
The Corporate Governance and Nominating Committee assists the Board in fulfilling oversight responsibilities with respect to the risks associated with Board organization, membership, diversity and structure.
Enterprise Risk Management Committee
The Enterprise Risk Management Committee participates in the oversight of the Company's enterprise-wide risk management framework, including the strategies, policies, procedures, and systems, established by management to identify, assess, measure, and manage the major risks.
Information Security and Technology Committee
The Information Security and Technology Committee provides oversight of the information security (including cybersecurity) and enterprise-wide technology functions of the Bank.