We believe that strong corporate governance practices help build an environment of trust, transparency and accountability that is essential for fostering long-term investment, financial stability and business integrity. This supports an ethical culture, stronger growth and performance, builds corporate legitimacy, and engenders more inclusive societies.
The Board is ultimately responsible for leading and controlling the organisation and setting its strategy and its culture. It is also responsible for ensuring that an adequate, effective, comprehensive and transparent corporate governance framework is in place. In accordance with the Articles of Association, the Board has delegated the authority for all day-to-day management and control to the Chief Executive Officer. The Board has established two oversight committees chaired by Non-Executive Directors to support it.
The Board has ultimate authority for the management and control of GIB AM. The Board’s primary role is to oversee the activities of executive management. The Board comprises of Non-Executive Directors to ensure its independence of management and consequently to ensure independent judgement on issues brought before it by executive management.
The Nomination and Remuneration Committee is a Non-Executive Committee of the Board.
The purpose of the Nomination and Remuneration Committee (NRC) is to:
The Board is committed to diversity. We believe that to be effective, a board needs to include individuals with a mix of skills and experience that are up to date and cover the major business areas in order to make informed decisions and provide effective oversight of the risks. The Board’s diversity statement can be found here.
Under the UK Senior Management and Accountability regime, the UK regulators authorise those individuals within regulated firms who perform senior management functions, which are roles that have a particular regulatory significance. GIB (UK) has nominated senior management for a number of Senior Management functions.
The purpose of the Audit & Risk Oversight Committee is to review and consider any matters relating to the financial affairs, the effectiveness of the risk control and compliance framework of GIB UK and its subsidiary companies to ensure that their remains aligned with the board’s risk appetite, and that the board has the management information it needs. The Committee shall seek appropriate assurances from Management, the Internal and External Auditors, the Chief Risk & Compliance Officer and the Money Laundering Reporting Officer.
Policies and statements
GIB AM has in place a comprehensive set of policies, as part of its governance framework, and we have published a number of governance-related statements.
Transparency and disclosure
GIB AM’s policy is to ensure its disclosures are transparent, comprehensive, relevant and timely, reliable, comparable, fair and reflect the character of the organisation and the nature, complexity and risks inherent in its business activities. Through making its disclosures, GIB AM aims to enhance communication with internal and external stakeholders.
GIB AM Proxy Voting
To view our proxy voting activity, click here.
