roles and responsibilities
- Advise the board on Group’s overall risk appetite and tolerance
- Oversee the company’s risk management framework and review its effectiveness
- Review major contracts and projects
Committee membership and attendance during 2016
|Paul Spence (Chairman)||7 of 7|
|Ashley Almanza||7 of 7|
|John Connolly||7 of 7|
|Himanshu Raja||6 of 7|
|Tim Weller||7 of 7|
1. Himanshu Raja retired from the Risk Committee in October 2016. Other regular attendees include the group director of risk and internal audit.
Four scheduled committee meetings and a number of additional meetings and calls were held during the year ended 31 December 2016.
Main activities of the Risk Committee during the year (%)
The board oversees the Group’s overall governance framework, reviews and approves the strategy, monitors managements’ performance against agreed targets and ensures appropriate controls are in place and operating effectively.