skip to main content

Board and committees

Board of Directors

The Board of Directors consists of the Chairman, 5 independent Non-Executive Directors, one of whom is the Senior Independent Director, and two Executive Directors.

The Board is the principle decision-making forum for the Company and has overall responsibility for leading and controlling the Group. The Board approves the strategy across the Group and is accountable to shareholders for financial and operational performance. It has adopted a formal schedule of matters reserved for the Board which is reviewed annually. The Board believes that it has the appropriate balance of skills, experience, independence and knowledge of the Group to enable it to discharge its duties effectively in accordance with the Code.

Board Committees

As envisaged by the UK Corporate Governance Code, the Board has established Audit, Remuneration, Nomination and Board Risk Committees. In addition, the Board has established a Corporate Social Responsibility committee, an Investment Committee and a Disclosure Committee.

Audit Committee

The Audit Committee is responsible for assisting the Board in discharging its responsibilities in relation to the disclosure of the financial affairs of the Group. The Committee focuses in particular on compliance with accounting policies and ensuring that an effective system of internal financial control is maintained. The ultimate responsibility for reviewing and approving the annual report and accounts and the half-yearly reports, remains with the Board.

The Audit Committee operates under delegated authority from the Board and its terms of reference can be found here.

The Group Audit team Audit Charter, which reports to the Audit Committee, can be found here.

Board Risk Committee

The Board Risk Committee is responsible for providing oversight and advice to the Board in relation to current and potential future risk exposures of the Group and future risk strategy, including determination of risk appetite and tolerance. It also has responsibility for reviewing and approving various formal reporting requirements and promoting a risk awareness culture within the Group.

The Board Risk Committee operates under delegated authority from the Board and its terms of reference can be found here.

Nomination Committee

The Nomination Committee is responsible for considering and making recommendations to the Board, Board Committees and chairmanship of the Board Committees. In addition, the Committee is responsible for keeping the structure, size and composition of the Board under regular review, and making recommendations to the Board with regard to any changes necessary. The Nomination Committee also considers succession planning, taking into account the skills and expertise that will be needed on the Board in the future.

The Nomination Committee operates under delegated authority from the Board and its terms of reference can be found here.

Remuneration Committee

The Remuneration Committee is responsible for the setting and oversight of the remuneration policy for the Group. The Committee is also responsible for considering senior executive remuneration, including pension rights and any and compensation payments, recommending and monitoring the level and structure of remuneration for senior management, and the implementation of share option, or other performance-related, schemes.

The Remuneration Committee operates under delegated authority from the Board and its terms of reference can be found here.

Executive Committee

The Executive Committee reports to Paul Geddes and is accountable to the Board. The Executive Committee focuses on material business decisions cutting across issues of Group-wide significance and consists of:

  • Paul Geddes – Chief Executive Officer
  • John Reizenstein – Chief Financial Officer
  • Jonathan Greenwood – Managing Director Commercial
  • Mike Holliday-Williams – Managing Director Personal Lines
  • Simon Linares – HR Director
  • Steve Maddock – Chief Operating Officer
  • Humphrey Tomlinson – General Counsel
  • Jose Vazquez – Chief Risk Officer

Quick Links

Check out our
iPad app
Click here
Stay informed
Sign up to the email alerts and receive updates on upcoming news.