chapter 3

ethics and governance

mecu's goals

mecu is committed to a corporate governance framework that delivers its vision, purpose and values as a mutually owned financial institution existing to deliver member benefit in an ethically, economically, environmentally and socially responsible manner.

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chapters content

bankmecu's approach and commitments

bankmecu's corporate governance framework allocates rights and responsibilities across bankmecu and defines the rules and procedures for making decisions on all corporate matters. This framework recognises the important relationship bankmecu has with various stakeholders, and in particular, customer-owners, who place their trust in bankmecu and to whom bankmecu are accountable.

commitment 2009/11progresscomments
Governance
Continue to improve performance in the economic, social and environment aspects of bankmecu's business. commitment ongoing Good progress is being made against bankmecu's Balanced Scorecard.
Develop a policy on lobbying and advocacy. commitment met Decision taken for lobbying and advocacy to be conducted through Abacus - the mutual industry representative body.
Champion sustainability practices in the customer owned bank sector. commitment ongoing bankmecu continues to champion sustainability through various forums.
key:
commitment fully met
commitment partially met
commitment not met
commitment ongoing
commitment ongoing

Useful tools

  • Tell us what you think. Go to survey.
  • Learn about MECU's green credit cards.
Sustainability Report 2009 / 2010

© mecu Limited, 2007 | ABN: 21 087 651 607 | AFSL/Australian Credit Licence Number 238431 | BSB: 803 140
Link to UNEP Finance Initiative website
Link to Home Credit Union and Building Society Group website