Corporate Governance
The Hargreaves Lansdown Group Limited Board
The Board of Hargreaves Lansdown Group Limited, as the parent company of the Hargreaves Lansdown Group (Group), is responsible for the proper management of the Group and currently meets at least four times a year.
The Board has overall responsibility for controlling the Group, making decisions relating to the Group's strategic direction and measuring progress towards these goals. In order to ensure it has effective control over the Group's activities, the Board has established a Group Audit Committee. In addition, it is supported by the following sub-Committees: Nomination & Governance Committee, Remuneration Committee, and Risk Committee. These sub-Committees of the Board have formally delegated duties and responsibilities under written terms of reference.
The Board supports high standards of corporate governance and aligns with the Wates Corporate Governance Principles for Large Private Companies.
Group Committees
The Audit Committee is responsible for assisting the Board in discharging its responsibilities for financial reporting including the integrity of the annual and interim reports, preliminary results and any other formal announcements relating to financial performance, risk reporting and reviewing the Company's internal corporate control.
Within the scope of its terms of reference, the Audit Committee will report to the Board on any matter on which it considers that action is required and make recommendations for steps to be taken. In addition, the Audit Committee will have authority to investigate any activity within its terms of reference and is responsible for the resolution of disagreements between management and the external auditor. The Audit Committee will meet at least four times per year. It is chaired by Mary O’Connor and also comprises Lars-Åke Norling and John Troiano.
Nomination & Governance Committee
The Nomination and Governance Committee is responsible for making recommendations to the Board concerning the composition of the Board including proposed appointees to the Board, whether to fill any vacancies that may arise or to change the number of Board members. It is chaired by Bruce Hemphill and also comprises Lars-Åke Norling and Mary O’Connor.
Remuneration Committee
The Remuneration Committee is responsible for the framework or broad policy for the fair remuneration of the Executive Directors as well as their performance management. These will be determined with due regard to the interests of the Company and the Shareholders. The Remuneration Committee will meet at least four times per year. It is chaired by Lars-Åke Norling and also comprises Bruce Hemphill and Mary O’Connor.
Risk Committee
The Risk Committee assists the Board in assessing the different types of risk to which the Group is exposed. The Committee is also responsible for considering and recommending the Group’s overall risk appetite to the Board and is responsible for ensuring that the Group’s principal risks have been properly identified and are being appropriately managed. The Committee is chaired by Bruce Hemphill and also comprises Lars-Åke Norling, John Troiano and Mary O’Connor.