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Board Committees

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 Audit Committee

  • 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

 

Board Corporate Governance & Nominations Committee

  • Reviews composition of the Board
  • Recommends appointment of new Directors
  • Considers succession plans for Chairman and Chief Executive positions
  • Considers succession plans for key leadership positions
  • Monitors corporate governance issues
  • Oversees the annual Board performance review
  • Provides oversight of the Group’s aspirations and strategy with respect to responsible business

 

Board IT Committee

  • Oversees the Group IT estate
  • Oversees the identification and management of any IT matters that pose a significant risk to the Group

 

Board Remuneration Committee

  • 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

 

Board Risk Committee

  • Monitors and reviews the effectiveness of the internal control and risk management system
  • Provides advice to the Board on the Principal Risks faced by the Group
  • Recommends the total level of risk we are prepared to take (risk appetite)
  • Monitors the risk profile
  • Advises the Board on risk strategy
  • Oversees the effectiveness of the Compliance function