Corporate governance

The Group's corporate governance framework plays a key role in supporting our business operations. It provides clear guidance on how authority is exercised within the group.

Constitution

Principal Board Charter

Independence of Directors

Board Committees

Code of Conduct

Continuous Disclosure

Stakeholder Communications

Diversity

1 Executive management positions (also known as senior executive positions) are those held by Group Executive Committee members, Group Executive Committee members' direct reports, and their direct reports. Note: Support roles reporting into these roles (for example, Executive Manager and Executive Assistant) are not included in the data.

Corporate Responsibility

Risk Management

RMSD Risk Categories

Definition – “The risk of loss from…

Credit Risk

…the potential that a counterparty or customer will fail to meet its obligations to the Group in accordance with agreed terms”

Operational Risk

…inadequate or failed internal processes, people and systems or external events”

Non Traded Market Risk

…the Group’s banking book activities e.g. capital, funding, liquidity, interest rate, foreign exchange and equity”

Traded Market Risk

…the Group’s trading activities, including proprietary trading, as a result of adverse movements in market prices”

Life Insurance Risk

…claims exceeding those anticipated in the premiums collected and underlying investment income earned”

Regulatory and Compliance Risk

…failing to identify, influence and monitor changes in the regulatory environment, failing to comply with laws, regulations and licence conditions, and damaging the Group’s relationship with its regulators”

Defined Benefit Pension Risk

…the Group’s defined benefit pension scheme being in deficit (i.e. the assets available to meet pension liabilities are at value below current and future pension scheme obligations”

Strategic Positioning Risk

…strategic choices that we make and their ongoing viability, including improper management of the assumed or embedded risks within the strategic choices”

Strategic Execution Risk

…failing to execute the chosen strategy including understanding the dependencies of success for the strategy and our responsiveness to changes to these factors”

Political Donations

Remuneration Management

Managing Financial Crime