RBS 2013 Annual Report Download - page 40
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Our governance structure
38
Group Board
The main decision making forum at Group level, setting the strategic
direction of the Group and ensuring that the Group manages risk
effectively. The Board is accountable to shareholders for financial and
operational performance.
Group Audit Committee
Assists the Board in discharging its responsibilities for monitoring the
integrity of the financial statements 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 Board on current and potential
future risk exposures of the Group and future risk strategy. It reviews the
Group’s compliance with approved risk appetite and oversees the
operation of the Group Policy Framework.
Group Performance and Remuneration Committee
Responsible for overseeing performance and the Group’s policy on
remuneration. It also considers senior executive remuneration and makes
recommendations to the Board on the remuneration of executive
directors.
Group Nominations Committee
Assists the Board in the selection and appointment of directors. It reviews
the structure, size and composition of the Board, and membership and
chairmanship of Board committees.
Group Sustainability Committee
Responsible for overseeing and challenging how management is
addressing sustainability and reputation issues relating to all stakeholder
groups, except where such issues have already been dealt with by other
Board committees.
Executive Committee
Supports the Group Chief Executive in managing the Group’s
businesses. It reviews strategic issues and initiatives, monitors financial
performance and capital allocations and considers risk strategy, policy
and risk management.
RBS Capital Resolution Board Oversight Committee
Provides oversight of RCR’s progress against, and compliance with, its
primary objective and asset management principles. It reports to the
Board on its own activities and recommends changes, where appropriate,
to RCR strategy.
RBS Capital
Resolution
Board Oversight
Committee