Our Board Committees

Board and Committees

The company is governed by its Board and Committees.

The Board of Directors is the principal decision-making forum for the company. In order to provide effective oversight and leadership, the Board has established a number of Board Committees with particular responsibilities. All other matters, including day to day responsibility for the operations of the company, are delegated to the Group Chief Executive Officer who is supported by the Executive management team.

Group Audit Committee

Assists the Board in discharging its responsibilities in relation to the disclosure of the financial affairs of the Group.

Group Board Risk Committee

Provides oversight and advice to the Board in relation to current and potential future risk exposures of the Group, future risk strategy, risk appetite and tolerance. It is also responsible for promoting a risk awareness culture within the Group.

Group Performance and Remuneration Committee

Responsible for the overview of the Group remuneration policy and the directors’ remuneration policy, ensuring that arrangements are designed to promote the long term success of the Group.

Group Sustainable Banking Committee

Supports the Board in overseeing, supporting and challenging actions being taken by management to run the Group as a sustainable business, capable of generating long term value for its stakeholders.

Group Nominations and Governance Committee

Monitors the Group’s governance arrangements and assists the Board in the formal selection and appointment of directors. It reviews the structure, size and composition of the Board, and membership and chairmanship of Board Committees.