Page 32 - The Iveagh Trust AR 2023

30 Annual Report 2023
Board Structure
4 Committees
11
Board Members
1. GENERAL PURPOSES COMMITTEE
CHAIR: CHARLES COASE
The ongoing oversight of the implementation of Board Strategy is carried out by the General Purposes Committee (GPC) which acts
under delegated authority from the Board. The membership of the GPC is made up of
the Chairman of the Board of Trustees, the Chairman of the GPC and up to four other Trustees. The GPC meets a minimum of five times a year, or more regularly as required, to ensure implementation of the Trust’s strategy and make recommendations to the Board.
2. AUDIT AND RISK COMMITTEE
CHAIR: GER PENNY
The brief of the Audit and Risk Committee is to develop and maintain the Trust’s risk register, ensuring that mitigation plans are put in place. Potential risk factors are identified, extensively evaluated and responsibility for actions assigned to appropriate individuals in the organisation to develop and track mitigation strategies. Trustees with particular experience in managing risk serve on the Committee, including the former global head of internal audit at Diageo. The Committee also makes recommendations regarding the appointment of the auditor and meets to review the audit process, and to review and recommend annual audited accounts to the Board.
1. General Purposes Committee 2. Audit and Risk Committee
3. Asset Management Committee 4. Nominations Committee
3. ASSET MANAGEMENT COMMITTEE CHAIR: MARGARET FLEMING
The Asset Management Committee (AMC) was established by the Trustees to ensure the Trust’s asset management practices and its investment into physical infrastructure supports the strategic planning objectives and is consistent with best practice. The membership ensures a whole-of-organisation approach to ensure the Trust’s assets are managed in a systematic, efficient and coordinated manner for present and future tenants.
4. NOMINATIONS COMMITTEE
CHAIR: KATE QUANE
Appointments to the Board and to any sub- committees are overseen by the Nominations Committee which is made up of the Chairman of the Board of Trustees, one other Trustee, and a Guinness family Trustee.