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.
- Group Risk Committee
Main Purpose: The role of the Group 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 Committee
Main Purpose: The role of the Board Customer and Conduct Committee is to provide oversight and advice to the Board in relation to the Group’s aim of ensuring that Members and customers are treated fairly and that the Group delivers fair outcomes for its Members and customers.
Principality. Where home matters.