In order to provide effective oversight and leadership, the Board has established a number of Board committees with particular responsibilities, these are outlined below:
Audit Committee
The Audit Committee assists the Board in discharging its responsibilities for monitoring the quality of the financial statements of NatWest Markets. It reviews the accounting policies, financial reporting and regulatory compliance practices of NatWest Markets and NatWest Markets' systems and standards of internal controls, and monitors the work of internal audit and external audit.
Board Risk Committee
The Board Risk Committee provides oversight and advice to the Board on current and potential future risk exposures of NatWest Markets and its subsidiaries and future risk strategy. It reviews NatWest Markets' compliance with approved risk appetite and tolerance and oversees the operation and effectiveness of the NatWest Markets Policy Framework.
Performance and Remuneration Committee
The Performance and Remuneration Committee is responsible for establishing the NatWest Group-wide Remuneration Policy within NatWest Markets and reviewing the effectiveness of its implementation. It also considers performance and remuneration arrangements for the ExCo, the senior risk and compliance officer and high earners within NatWest Markets, material risk takers (MRTs) and other NatWest Markets employees. The committee makes recommendations to the Board on the remuneration of executive directors.
Nominations Committee
The Nominations Committee assists the Board in the selection and appointment of directors. It reviews the structure, size and composition of the Board, and the membership and chairship of Board committees. It considers succession planning taking into account the skills and expertise which will be needed on the Board in the future.
