Group Audit, Risk and Compliance Committee
The Group Audit, Risk and Compliance Committee is made up of three of our independent non-executive directors:
Mark Austen (chairman)
Ian Reynolds
Stuart Sinclair
The Committee meets with Mike Rogers, our Chief Executive Officer (CEO) and senior management at least four times a year. Our external auditors also attend these meetings.
The Group Audit, Risk and Compliance Committee assists our Board with:
- external financial reporting
- the independence of our external auditors
- the effectiveness of our control systems
- the running of our internal audit work
The Committee receives reports from our Group Risk Director on issues such as changes to financial regulations, and making sure we comply with them.
In 2008, the Committee managed our work around the Financial Services Authority's Treating Customers Fairly scheme.
The Committee reviews and makes recommendations on:
- the accounting policies for our Annual Report
- the approval and independence of our external auditors
- the way staff raise concerns about financial reporting or other issues
Committee Terms of Reference (PDF 68KB)
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