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Each Board Director brings complementary expertise to provide clear strategic direction, rigorous risk oversight, and disciplined governance – creating a robust framework within which to operate. This structure ensures a diverse range of perspectives and supports robust oversight of our business.
It focuses in particular on compliance with accounting policies, reviewing internal financial controls, and ensuring the effectiveness of the external audit, including considering the scope of the annual audit, and the extent of the non-audit work, undertaken by external auditors and advising on the appointment of external auditors. The ultimate responsibility for reviewing and approving the annual report and accounts and the half-yearly report remains with the board of directors of InvestAcc Group Limited (the “Board”).
The Audit Committee will meet at least four times a year at the appropriate times in the financial reporting and audit cycle.
The Audit Committee is chaired by Martin Potkins who possesses the required skills and financial experience to do so as demonstrated in his biography.
Including the likelihood and impact of principal risks materialising, and seeking assurance on specific risks, and monitoring the effectiveness of the Enlarged Group’s risk management and internal control systems (including overseeing and seeking assurance regarding the adequacy and effectiveness of processes and procedures to manage risk and the internal control framework).
The Risk Committee will also oversee and seek assurance on the effectiveness of management’s own processes for monitoring and reviewing the effectiveness of risk management and internal control systems and ensuring corrective action is taken when necessary.
The Risk Committee will meet at least four times a year.
The Risk Committee is chaired by Giovanni Castagno who possesses the required skills and financial experience to do so as demonstrated in his biography.
It will also be responsible for keeping the structure, size and composition of the Board under regular review, and for making recommendations to the Board with regard to any changes necessary, taking into account challenges and opportunities facing the Company and the skills and expertise that will be needed on the Board in the future.
The Nomination Committee will meet at least four times a year.
The Nomination Committee is chaired by Mark Hodges, who as chair of the Board will not chair the Nomination Committee when dealing with his successor.
As well as the determination of remuneration generally, and specific remuneration packages, for each member of the Board and senior management, reviewing the ongoing appropriateness and relevance of the remuneration policy, and establishing new long term incentive plans or other performance related schemes.
The Remuneration Committee will meet at least four times a year.
The Remuneration Committee is chaired by Helen Copinger-Symes.
The Disclosure Committee is also responsible for deciding whether information is “inside information”, and whether the disclosure of inside information can be delayed, for approving and/or preparing certain disclosures/statements, and managing communications with relevant regulatory bodies.
Disclosure and delay of inside information should be in consultation with the Board or the Chair wherever practicable.
The Disclosure Committee comprises of Mark Hodges, James Corsellis, Will Self and Martin Potkins, and is chaired by Mark Hodges.
The Board of Directors cover the five Group Committees
| Board of Directors | Audit Committee | Risk Committee | Nomination Committee | Remuneration Committee | Disclosure Committee |
|---|---|---|---|---|---|
| Will Self | |||||
| James Corsellis | |||||
| Martin Potkins | |||||