Committees of the Board

Nomination/Remuneration Committee

The Nomination/Remuneration Committee is responsible for reviewing the structure, size and composition (including the skills, knowledge and experience) of the Board, and making recommendations to the Board with regard to any changes. This includes new appointments and considering the re-election of Directors when appropriate. The Committee is also responsible for the formulation of the Society's policy on remuneration in relation to the Executive Directors. The objective of the Committee is to ensure that key employees are provided with suitable incentives to encourage enhanced performance and are rewarded for their individual contributions to the success of the Society, in a responsible manner.

Terms of Reference for the Nomination/Remuneration Committee.

Risk Committee

The Risk Committee's primary purpose is oversight of the Society's risk management process and to ensure that the Society has adequate systems in place to ensure that all material risks are addressed.

Terms of Reference for the Risk Committee.

Audit Committee

The Audit Committee oversees the effectiveness of the Society’s internal controls, which includes ensuring that the Society has appropriate and proportionate procedures and controls with regard to its financial reporting.

Terms of Reference for the Audit Committee.

Investment Committee

The Investment Committee is responsible for undertaking periodic strategic investment reviews on behalf of the Board and recommending investment strategies to the Board for approval.

Terms of Reference for the Investment Committee.