RBS 2011 Annual Report Download - page 273

RBS Group 2011 271
Performance evaluation
An internal review of the effectiveness of the Board Risk Committee
during 2011 was conducted. Amongst the areas reviewed were the role
of the Committee, composition, meetings and processes, performance
and reporting, policy and procedures, divisional committees, induction
and continuing professional development and communication. The
Committee has considered and discussed the report on the outcomes of
the evaluation and is satisfied with the way in which the evaluation has
been conducted, the conclusions and the recommendations for action.
The outcomes of the evaluation have been reported to the Board, and
during 2012, the Committee will place focus on driving improvements to:
xthe structure of the agendas to ensure the Committee is focused on
consideration of the key issues - while recognising the remit of the
Committee is extremely onerous;
xDivisional Risk and Audit Committees: implementing the changes to
the risk assessment process and reporting;
xenhance the bench strength of the Risk Management function; and
xthe Committee’s interaction with the Executive Risk Forum.
Philip Scott
Chairman of the Board Risk Committee
22 February 2012