Governance: Affordable Housing
BOK Financial has significantly contributed to affordable housing within the markets we serve through the firm’s Community Development investments. More than $268 million of the $347 million (approximately 77%) of the Community Development investment portfolio was in affordable housing as of Dec. 31, 2022.
Of the 1,578 affordable housing units developed over the past three years through these investment activities, 21% are located in properties that have incorporated on-site social services in support of tenant needs. Not only are these projects contributing to an improved local community, approximately 24% of the nearly 1,600 units are in repurposed existing buildings with energy saving systems, benefiting the environment as well.
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Standards of Conduct
The Audit Committee of the Board of Directors annually reviews and approves the company’s Standards of Conduct on which employees are annually trained and attest to. Each member of the Board of Directors takes an annual Oath of Office prescribed by the Office of the Comptroller of the Currency (OCC) and is bound by the company’s Code of Ethics.
The company’s annual proxy statement identifies responsibilities of board committees.
The company’s 10-K reviews a wide array of company performance factors, including any monetary losses as a result of legal proceedings associated with fraud, insider trading, anti-trust, anti-competitive behavior, market manipulation, malpractice, or other related financial industry laws or regulations.