RBS 2008 Annual Report Download - page 80

79RBS Group Annual Report and Accounts 2008
The role and remit of these committees is as follows:
Committee Focus Membership
Group Audit Committee Financial reporting and the application of accounting Independent non-executive directors
(GAC) policies as part of the internal control and risk
assessment process. GAC monitors the identification,
evaluation and management of all significant risks
throughout the Group.
Advances Committee Deals with transactions that exceed the Group Credit Members of GEMC
(AC) Committee’s delegated authority and large exposures. Group Chief Credit Officer
Group Executive Ensures implementation of strategy consistent with risk Business and function heads, as determined by the
Management Committee appetite. Group Chief Executive/Board
(GEMC)
Executive Risk Forum Acts on all strategic risk and control matters across Group Chief Executive
(ERF) the Group including, but not limited to, credit risk, Group Finance Director
market risk, operational risk, compliance and regulatory Group Chief Risk Officer
risk, enterprise risk, treasury and liquidity risk, Chairman, Regional Markets
reputational risk, insurance risk and country risk. Chief Executive, RBS UK
Chief Executive, Global Banking & Markets
Group Risk Committee Recommends limits and approves processes and Group Chief Risk Officer
(GRC) policies to ensure the effective management of all Group head of each risk type
material risks across the Group. Group Treasurer
Chief Executive and Chief Risk Officer from each division
Group General Counsel and Group Secretary
Group Chief Economist
Group Credit Committee Approves credit proposals under the authority Members as determined by GEMC
(GCC) delegated to the committee by the Board and/or the
Advances Committee.
Group Asset and Liability Identifies, manages and controls the Group balance Group Finance Director
Management Committee sheet risks. Chairman/Chief Executive from each division
(GALCO) Group Treasurer
Group Chief Risk Officer
Heads of Group functions
Group Chief Executive’s Acts as a forum for the provision of information and Group Chief Executive
Advisory Group advice to the Group Chief Executive. Forms part of the Group Finance Director
(GCEAG) control process of the Group. Chairman and Chief Executives from each division
Group Chief Risk Officer
Group General Counsel and Group Secretary
Group Directors, Strategy, Communications and
Human Resources