Committees
The main responsibilities of the Audit and Risk Committee are to:
- monitor the financial reporting process and submit recommendations or proposals to ensure its integrity
- monitor the effectiveness of NS&I’s internal control and risk management systems and its internal audit, regarding NS&I’s financial reporting, without breaching its independence
- review and monitor the independence of the statutory auditor and the appropriateness of any provision of non-audit services to NS&I
- advise the board and Accounting Officer on NS&I’s accounting policies, accounting judgements and accounting estimates; the preparation of the annual accounts; the planned activity and results of both internal and external audit and the adequacy of management’s response to issues identified by audit activity; NS&I’s strategic processes for risk, control and governance; and its whistleblowing (speaking up) processes.
Further information about membership and work of the Audit and Risk committee is provided in the Annual Report and Accounts.
Click on the link below to view the Audit and Risk Committee's terms of reference:
Audit and Risk Committee terms of referenceThe Remuneration Committee (formerly Appointments and Remuneration Committee) reviews the Chief Executive's recommendations on pay and performance-related awards to confirm that it is consistent with government policy and HM Treasury pay guidance.
The committee also advises on the role and appointment of Executive NS&I Board members. The committee reviews succession planning arrangements for senior staff within NS&I.
Further information about the membership and work of the Remuneration Committee is provided in the Annual Report and Accounts.
Click on the link below to view the Remuneration Committee terms of reference:
Remuneration Committee terms of reference