Board structures and committees
We are committed to the highest standards of corporate governance and the Board considers that we comply with the UK Corporate Governance Code. We have established an audit committee, a risk and compliance committee, a nomination committee and a remuneration committee.
The Board is collectively responsible for the long-term success of Funding Circle and for leading and controlling the group. The Board will normally meet at least six times a year.
Chair: Andrew Learoyd
Members: Eric Daniels, Samir Desai, Geeta Gopalan, Sean Glithero, Cath Keers, Harry Nelis, Neil Rimer, Bob Steel, and Ed Wray
Download the matters reserved for the Board
The audit committee’s role is to assist the Board with the discharge of its responsibilities in relation to financial reporting. The committee normally meets no less than four times year.
Chair: Geeta Gopalan
Members: Eric Daniels and Ed Wray
Download the terms of reference for the audit committee
Risk and compliance committee
The risk and compliance committee’s role is to review and oversee the Group’s attitude to and appetite for risk and its future risk strategy. The risk and compliance committee will normally meet at least three times a year.
Chair: Eric Daniels
Members: Geeta Gopalan and Harry Nelis
The nomination committee assists the Board in reviewing the structure, size and composition of the Board. It is also responsible for reviewing succession plans for the directors, including the Chairman and Chief Executive Officer. The nomination committee will normally meet at least once a year.
Chair: Andrew Learoyd
Members: Bob Steel and Cath Keers
Download the terms of reference for the nomination committee
The remuneration committee recommends the Group’s policy on executive remuneration and determines the levels of remuneration for Executive Directors, the Chairman and other senior executives. The remuneration committee will normally meet at least twice a year.
Chair: Cath Keers
Members: Ed Wray and Andrew Learoyd
Download the terms of reference for the remuneration committee
The disclosure committee oversees the disclosure of information by Funding Circle to meet its obligations under the Market Abuse Regulations, the FCA's Listing Rules and Disclosure and Transparency Rules. The disclosure committee will meet as and when required.
Chair: Lucy Vernall
Members: Samir Desai, Sean Glithero, Geeta Gopalan, Jerome Le Luel and Andrew Learoyd
Download the terms of reference for the disclosure committee
Division of responsibilities between Chair, Chief Executive Officer and role of Senior Independent Director
There is a clear division of responsibilities between the leadership of the Board, and the executive leadership of the company's business. It is also important to appoint a senior independent director, to serve as an intermediary for the other directors and shareholders.