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Sub-committees

In carrying out its duties, the Board is supported by two sub-committees, responsible for either carrying out a specifically delegated function of the Board or providing advice to the Board on areas requiring more in-depth and specialist analysis.

Audit Risk & Corporate Governance Committee responsibilities:

  • Ensuring the company complies with the legal obligations to produce the annual director's report and year-end financial statements, providing feedback to the Board on the draft audited accounts.
  • Managing the internal and external audit processes.
  • Dealing with matters relating to risk management.
  • Reviewing the accounting policies for the business.
  • Reviewing the internal financial control and compliance systems in place, including the delegation scheme and whistleblowing policy.
  • Ensuring compliance with UK and EU data protection law, in particular the GDPR 2018.
  • Considering the policy of the collection arrangements of the levy.
  • Considering the security audit of IT systems and infrastructure.
  • Reviewing the business continuity, disaster recovery plans and insurance arrangements.
  • Reviewing the corporate governance arrangements and making recommendations to the Board.
  • Evaluating the work and performance of the Committee.

Resources Committee responsibilities:

  • Overseeing policies on financial matters; supervising long term and strategic financial planning, the annual business plan and budget process and approval of management accounts.
  • Overseeing the funding strategy policy and adequacy of funding arrangements.
  • Overseeing HR policies and advising the Board accordingly.
  • Scrutinising performance management data for all aspects of the company’s core and business activities.
  • Reviewing general office overheads, organisational design and structure.
  • Undertaking reviews on non-Executive Director and senior Executive development, training and succession planning.
  • Overseeing arrangements for the appointment of designated senior Executive posts and acting as appellant in staffing matters.
  • Evaluating the work and performance of the Committee.