ICG is committed to the highest standards of corporate governance and adheres to the provisions of the UK Corporate Governance Code issued by the Financial Reporting Council.
We invest continuously in our systems and people to ensure best practice corporate governance. We have put in place teams and processes to monitor and manage the quality of our fund reporting, data security and interactions, and we work closely with our Board to challenge ourselves continuously.
The Board comprises three executive directors, a non-executive Chair, and six other non-executive directors of whom all are independent.
The Board has the authority to conduct the business of the Company in accordance with the Company’s constitutional documents and runs the Company for the long-term benefit of shareholders.
We oversee the Group’s financial reporting and related elements of its accounting internal controls and regulatory compliance, in addition to the internal and external auditing processes.
Areas of focus
Fairness and clarity of reported financial information
We oversee the membership of the Board to ensure a balance of skills and experience amongst the Directors. We also oversee senior management succession planning and the governance practices and processes of the Group. Our work ensures that the Group has a stable Board and senior management team who are able to deliver increased shareholder value.
We determine the Group’s remuneration policy and review the remuneration of senior management. Five guiding principles are reflected in the design of the staff compensation arrangements. Our remuneration principles are fully aligned with our strategy – to maximise shareholder returns by growing our fund management business and optimising the use of our balance sheet.
Our purpose is to support the Group’s Board in providing oversight and challenge of the Group’s risk management processes and the internal control framework to ensure that we meet the expectations of our shareholders, regulators, and clients.
Areas of Focus
Principal and emerging risks identification and management, including monitoring of risk appetite metrics
Internal Capital Adequacy and Risk Assessment (ICARA)
Assessment of the Group’s control environment
Oversight of risk and compliance function initiatives