The Board of Quilter plc has created five Committees in order to assist it in satisfying its responsibilities and to ensure independent oversight of risk management and internal control. Each Committee has its own Terms of Reference which confirm how it will be governed and the matters that are within its remit.
Board Committees
Board Audit Committee
Responsibilities
- Reviews accounting policies and the contents of financial reports
- Monitors disclosure controls and procedures
- Considers the adequacy and scope of the external and internal audit functions
- Oversees the relationship with our external auditors
- Monitors the effectiveness of internal financial controls
Committee members
Board Corporate Governance and Nominations Committee
Responsibilities
- Reviews composition of the Board and recommends the appointment of new Directors
- Considers succession plans for Chair and other Board positions
- Considers succession plans for key executive leadership positions
- Monitors corporate governance issues
- Oversees the annual Board performance review
- Provides oversight of the Group’s responsible business agenda
Committee members
- Ruth Markland (Chair)
- Glyn Barker
- Tim Breedon
Board Technology and Operations Committee
Responsibilities
- Oversees the implementation, execution and delivery of the Technology Strategy and Operations Strategy
- Provides oversight and challenge on Technology and Operations Risk profile
- Oversees Information Security, Information Management and Operational Resilience strategy, systems and controls
- Oversees strategic technology and operational change programmes
Committee members
Board Remuneration Committee
Responsibilities
- Sets the overarching principles and parameters of remuneration policy across Quilter
- Considers and approves remuneration arrangements for Executive Directors and Senior Executives
- Approves individual remuneration awards
- Agrees changes to Senior Executive incentive plans
Committee members
Board Risk Committee
Responsibilities
- Monitors and reviews the effectiveness of the internal control and risk management system
- Provides advice to the Board on the top risks faced by the Group
- Recommends the total level of risk Quilter is prepared to take (risk appetite)
- Monitors the risk profile
- Advises the Board on risk strategy
- Oversees the effectiveness of the Compliance function
Committee members