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.
Board
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.
Members
Chair: Andrew Learoyd
Members: Eric Daniels, Samir Desai, Geeta Gopalan, Cath Keers, Harry Nelis, Neil Rimer, Bob Steel, and Ed Wray
Download the matters reserved for the Board
Audit committee
The audit committee’s role is to assist the Board with the discharge of its responsibilities in relation to financial and corporate reporting. The committee will normally meet at least three times year.
Members
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.
Members
Chair: Eric Daniels
Members: Geeta Gopalan and Harry Nelis
Download the terms of reference for the risk and compliance committee
Nomination committee
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.
Members
Chair: Andrew Learoyd
Members: Bob Steel and Cath Keers
Download the terms of reference for the nomination committee
Remuneration committee
The remuneration committee recommends the Group’s policy on executive remuneration and determines the levels of remuneration for Directors and the Global Leadership Team. The remuneration committee will normally meet at least three times a year.
Members
Chair: Cath Keers
Members: Ed Wray and Andrew Learoyd
Download the terms of reference for the remuneration committee
Market disclosure committee
The market 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.
Members
Chair: Lucy Vernall
Members: Samir Desai, Sean Glithero, Geeta Gopalan, Jerome Le Luel and Andrew Learoyd
Download the terms of reference for the market 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.
Download the division of responsibilities between the Chair, CEO and SID
Funding Circle Ltd Board
Download Funding Circle Ltd's 2019 Section 172(1) statement. Funding Circle Holding plc's 2019 Annual Report is also available here.