Board Committees

We have the following Board committees:

The Audit Committee is chaired by Eamonn Flanagan. It is responsible for, among other things, monitoring the financial integrity of the financial statements of AJ Bell and the involvement of AJ Bell’s auditors in the audit process.

It focuses in particular on compliance with accounting policies and ensuring that an effective system of internal and external audit and financial control is maintained, which includes consideration of the scope of the annual audit, the extent of the non-audit work undertaken by the external auditors and advising on their appointment.

The ultimate responsibility for reviewing and approving the annual report and accounts and the half-yearly reports remains with the Board. The Audit Committee meets at least four times a year at appropriate times in the financial reporting and audit cycle.

Audit Committee terms of reference

The Disclosure Committee is chaired by Eamonn Flanagan. It is responsible for the review and implementation, on an ongoing basis, of AJ Bell’s disclosure policy to ensure that it addresses AJ Bell’s ongoing compliance with the Disclosure Guidance and Transparency Rules, Listing Rules and Prospectus Rules and the Market Abuse Regulation.

It is also responsible for ensuring that the disclosure policy is properly communicated within the business; that all directors, officers, employees and contractors understand the policy and the related controls and procedures; that it remains effective in design and in operation; and that any violation of the policy is properly addressed and remedial action is taken as appropriate. The Disclosure Committee meets as and when required.

Disclosure Committee terms of reference

The Nomination Committee is chaired by Les Platts. It is responsible for considering and making recommendations to the Board in respect of appointments to the Board, Executive Management Board, the Board committees and the chairmanship of the Board committees.

It is also responsible for keeping the structure, size and composition of the Board, the Executive Management Board and the Board committees under regular review, and for making recommendations to the Board with regard to any changes necessary, taking into account the skills and expertise that will be needed in the future. The Nomination Committee meets at least once a year.

Nomination Committee terms of reference

The Remuneration Committee is chaired by Laura Carstensen. It is responsible for determining the remuneration packages for each of the executive directors, the chair and certain senior executives of AJ Bell, including their pension rights and any compensation payments.

It also recommends and monitors the level and structure of remuneration for senior management, and the implementation of share incentive or other performance-related schemes. The Remuneration Committee meets at least twice a year.

Remuneration Committee terms of reference

The Risk and Compliance Committee is chaired by Simon Turner. It is responsible for, among other things, monitoring the appropriateness and effectiveness of AJ Bell’s internal controls; compliance and risk management systems; oversight of the Group’s anti-money laundering and financial crime prevention systems and controls; and its internal capital adequacy assessment process.

It focuses in particular on reviewing the annual risk and compliance plans, reviewing all risk and compliance related reports from AJ Bell’s executive management assurance committee and reviewing the management team’s responsiveness to recommendations of AJ Bell’s risk management and compliance functions. The Risk and Compliance Committee meets at least four times a year.

Risk and Compliance Committee terms of reference
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