Escolar Documentos
Profissional Documentos
Cultura Documentos
Governance
Financial statements
The Board
Audit Committee1
Chairman
Graham Allatt
Members
Malcolm McCaig
Rod Duke
Remuneration Committee1
Key responsibilities
Monitoring the integrity
of financial statements.
Ensuring that an
effective system of
internal controls is
maintained and
monitoring accounting
policies.
More information
Audit Committee report
pages 46-50
Chairman
Mary McNamara
Members
Malcolm McCaig
Nathan Moss
Nomination Committee1
Chairman
Mike Fairey
Key responsibilities
Determination of specific
remuneration packages
for all Executive Directors
and certain senior
executives of the Group.
More information
Directors remuneration
report pages 52-66
Members
Rod Duke
Dr David Morgan
Nathan Moss
Key responsibilities
Consider and make
recommendations to
theBoard in respect of
appointments and
ensuring that the
structure, size and
composition of the Board
is kept under review.
More information
Nomination Committee
report pages 44-45
Risk Committee1
Chairman
Rod Duke
Members
Graham Allatt
Mary McNamara
April Talintyre
Stephan Wilcke
Key responsibilities
Oversight of the Groups
risk appetite, risk
monitoring and capital
management.
Oversight and advice to
the Board on current risk
exposures and future risk
strategy
Executive Committee
Members
Chief Executive, Chief Financial Officer,
Chief Operating Officer, Chief Risk Officer
General Counsel & Company Secretary,
Chief Credit Officer , Sales & Marketing Director,
Commercial Director and the Chief Technology Officer
Key responsibilities
Assist the Chief Executive in the performance of his duties, including development & implementation of the strategic plan, strong
operating model to support the strategic plan and systems and controls to support the strategic plan.
Executive
M & A Committee
Key responsibilities
Monitors the Regulatory,
Operational and Conduct Risk
within the Group, ensures there
are appropriate control
frameworks in place and
effective mitigants to ensure the
Group remains within the Board
approved Risk Appetite.
Key responsibilities
Ensures due diligence covers all
relevant aspects.
Credit Committee
Key responsibilities
Review, assess and recommend
to the Risk Committee proposed
changes to Lending Policy,
Arrears and possession Policy
and Forbearance Policy.
1 Terms of reference of the Audit, Remuneration, Nomination and Risk Committees are available at osb.co.uk.
Transactional
Credit Committee
Operations Committee
Key responsibilities
Oversee operational
management of the business
and provide operational inputs
into larger projects.
Asset and
Liabilities Committee
Key responsibilities
To ensure the Treasury is
operating effectively & assess
the exposure of the Group to
movements in interest rates.
Pricing Committee
38-39
Corporate governance
Other
Remuneration
Board members
Director
Chairman
Mike Fairey (appointed 2 April 2014)
Stephan Wilcke (as Chairman)
Stephan Wilcke (as NED)1
Executive Directors
Andy Golding2
April Talintyre2
Non-Executive Directors
Graham Allatt (appointed 6 May 2014)
Rod Duke
Tim Hanford3
Malcolm McCaig
Mary McNamara (6 May 2014)
Dr David Morgan3
Nathan Moss (14 May 2014)3
Past Directors
Sir Callum McCarthy (retired 2 May 2014)
David Mills (retired 2 May 2014)
1 Unable to attend the Board meeting due to illness
2 Unable to attend the Board meeting due to the IPO roadshow
3 Unable to attend meetings due to scheduling clashes
Board
scheduled
meetings
Board
ad hoc
meetings
Audit
Remuneration
Nomination
Risk
8/8
3/3
7/8
2/2
1/1
2/2
2/2
2/2
2/2
7/9
10/11
10/11
3/3
3/3
9/11
7/7
11/11
10/11
11/11
7/7
7/11
6/7
2/2
3/3
3/3
3/3
2/2
2/3
2/2
2/2
4/4
4/4
3/3
9/9
6/6
6/6
2/2
2/2
4/4
2/2
8/8
11/11
1/1
7/8
2/4
4/4
1/1
1/1
1/1
3/3
2/2
Strategic report
Governance
Financial statements
Strategy
IPO Project
Risk monitoring and review
Governance and compliance
External affairs and competitor analysis
Company Secretary
Executive Committees
Effectiveness
Independent
Graham Allatt
Rod Duke
Malcolm McCaig
Mary McNamara
Nathan Moss
40-41
Board composition
n Chairman
n Executive Directors
n Independent
Non-Executive Directors
n Non-Executive Directors
Relationship Agreement
Independence
0%
50%
100%
Strategic report
Governance
Financial statements
Materials include:
Group & organisational structure charts
Details of Board Committees, including
terms of reference and copies of minutes
Contact details for all Directors,
Secretary and key staff
Current business plan
Articles of Association
Minutes of recent Board meetings and
dates of future meetings
Guide for approved persons
Current budget and last annual accounts
Current ICAAP and ILAA
Face to face meetings & visits:
Meetings with:
Chairman
Other Directors
Company Secretary
Executive team
Senior management
Visits to:
Head Office
Agencies/Branches
Indian subsidiary sites (if appropriate)
As approved persons, under the approved
persons regime operated by the PRA
and FCA under the FSMA, all Directors
must maintain the competence and skills
required to meet the demands of their
positions of significant influence with
the Bank. As part of the Annual Fitness
and Propriety Questionnaire, Directors are
required to complete a self-certification
that they have undertaken sufficient
training during the year to maintain
their skills, knowledge and experience.
The Company Secretary supports the
Directors to identify relevant internal
and external courses to ensure Directors
are kept up to date with key regulatory
changes, their responsibilities as approved
persons and company Directors and other
matters impacting on the business.
Accountability
42-43
Whistleblowing
The Company has well established
procedures by which employees may,
in confidence, raise concerns relating to
possible improprieties in matters of financial
reporting, financial control or any other
matter. The Whistleblowing Policy and
procedure applies to all employees of the
Group. The Audit Committee is responsible
for monitoring the Groups whistleblowing
arrangements and the policy is reviewed
periodically by the Board.