RBS 2011 Annual Report Download - page 254

252 RBS Group 2011
Group Board and Board committee structure
Group Board is the main decision making forum at Group level, setting
the strategic direction of the Group and ensuring that the Group manages
risk effectively. The Group Board is accountable to shareholders for
financial and operational performance.
Group Audit Committee assists the Group Board in discharging its
responsibilities for the disclosure of the financial affairs of the Group. It
reviews the accounting policies, financial reporting and regulatory
compliance practices of the Group and the Group’s system and
standards of internal controls, and monitors the Group’s processes for
internal audit and external audit.
Board Risk Committee provides oversight and advice to the Group Board
on current and potential future risk exposures of the Group and risk
strategy. It reviews the Group’s performance on risk appetite and
oversees the operation of the Group Policy Framework.
Group Remuneration Committee has oversight of the Group’s policy on
remuneration. It also considers senior executive remuneration and makes
recommendations to the Group Board on remuneration of executive
directors.
Group Nominations Committee assists the Group Board in the selection
and appointment of directors. It reviews the structure, size and
composition of the Group Board, and membership and chairmanship of
Group Board committees.
Group Sustainability Committee is responsible for reviewing the Group’s
overall sustainability strategy, values and policies and aligning the
Group’s approach to ethical, social and environmental issues.
Executive Committee is responsible for managing Group-wide issues and
those operational issues that affect the broader Group. It reviews
strategic issues and initiatives, monitors financial performance and capital
allocations and considers risk strategy, policy and risk management.
Group Board
Group Audit
Committee
Board Risk
Committee
Group
Remuneration
Committee
Group
Nominations
Committee
Group
Sustainability
Committee
Executive
Committee
Our governance structure
Group
Board
Group Board
Group Audit
Committee Group Board
Board Risk
Committee Group Board
Group
Remuneration
Committee
Group Board
Group
Nominations
Committee
Group Board
Group
Sustainability
Committee
Group Board
Executive
Committee