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, Sean Glithero, 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 reporting. The committee normally meets no less than four 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 Executive Directors, the Chairman and other senior executives. The remuneration committee will normally meet at least twice a year.

Members
Chair: Cath Keers

Members: Ed Wray and Andrew Learoyd

Download the terms of reference for the remuneration committee
 

Disclosure 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.

Members

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.

Download the division of responsibilities between the Chair, CEO and SID