The Board meets regularly each month and operates through its five committees:
- Audit Committee
To assist the Board in fulfilling its oversight responsibilities for the Principality Group, including all subsidiaries.
- Governance & Nominations Committee
Lead the process for Board appointments and make recommendations to the Board.
- Board Risk Committee
Main Purpose: The role of the Board Risk Committee is to ensure that there is a co-ordinated approach towards the oversight and management of key strategic and corporate risks and to oversee the risk management governance structure in order that the Group’s risk profile can be readily understood so that risk management resources can be targeted appropriately.
- Remuneration Committee
Main Purpose: The Committee is responsible for oversight of the Group’s remuneration policies and practices, particularly ensuring they support the Board approved strategy of the Society, are in the long term best interests of Members, and are in accordance with regulatory requirements.
- Customer, Conduct & Transformation Committee
The role of the Customer, Conduct & Transformation Committee is to provide oversight and advice to the Society’s Board in relation to the Society’s aim of ensuring that Members and customers are treated fairly and that fair outcomes are delivered, and its Transformation Programme.
Principality. Where home matters.