Page 36 - Annual Review 2015-2016

Supporting Boards and Committees

Committee/Board & Purpose Objectives

Committee: • To ensure that financial statements are understandable, transparent and reliable
Audit Committee (AC).
• To ensure the risk management process is comprehensive and ongoing, rather than
Meeting Frequency: partial and periodic
Minimum three times per year.
• To help achieve an organisation wide commitment to strong and effective
Purpose: internal controls, emanating from the top
To oversee financial reporting and disclosure.
• To continually communicate with senior management
• To ensure the internal auditors’ access to the audit committee, encouraging
communication beyond scheduled committee meetings
• To review internal audit plans, reports, and significant findings
• To establish a direct reporting relationship with the external auditors.

Committee: • To support and challenge Client Relationship Partners
Client Development Executive (CDE).
• To act as a ‘Challenge’ and ‘Ambassador’ partner on opportunities and accounts
Meeting Frequency:
Monthly. • To align new products to improve the quality of our client interactions
Purpose: • To increase sector insight into our key clients and targets
To establish, publicise and develop the guiding principles which
will grow profitable enduring client relationships. • To leverage potential from mergers and lateral hires
• To assess strategic opportunity of markets, sectors and geographic locations
• To support the International Steering Committee
• To drive new business generation
• To monitor and leverage reciprocity with intermediaries.

Committee: • To take an overview of the implementation of the risk and compliance
Compliance & Risk Management Committee (CRMC). management strategy
Meeting Frequency: • Review corporate policies relating to compliance with laws and regulations,
Monthly (exc. Aug, Dec, Apr). ethics, conflicts of interest, and the investigation of misconduct and fraud
Purpose: • Review current and pending corporate-governance-related litigation or
To advise the Board on the identification, co-ordination and regulatory proceedings to which the business is a party
prioritisation of risk management issues throughout the business
and to develop a strategy for risk management. • To encourage and foster an awareness of risk management at all levels in the
business
• To identify new areas of potential risk to the business and to ensure that
the business’s systems of compliance are robust and fit for purpose in an
increasingly regulated environment
• To consider any risk and compliance matters that may arise from any companies,
limited liability partnerships or alternative business structures in which the
business may hold a proprietary or legal interest.

Committee: • To change attitudes and practices by promoting a clear dialogue with our people
Engaging People Executive (EPE). to ensure they feel connected to, and interested in, our business so that they can
contribute fully
Meeting Frequency:
Monthly. • To promote ownership of our people strategy across the business and ensure
initiatives and resources are aligned appropriately.
Purpose:
To sponsor initiatives that inspire our people to deliver our
business strategy.