About us

Corporate governance & accreditations

Our board is committed to high standards of corporate governance. Our management of governance is reviewed through various operating committees on a monthly basis; the hierarchy of these is as follows:

TopCo

This is the senior strategic forum of the business and is held on a monthly basis after ExCo (see below). Required attendees are:

  • Chairman
  • Investor
  • CEO
  • COO
  • CFO

Other attendees will be required from time to time by invite of the Chairman.

ExCo

Is the executive management group of the business. It is held on a monthly basis within the second week of the month when all operational data is available for discussion and after OPCO has sat (see below). Appropriate issues and risks will be escalated to TopCo from this forum. Required attendees are:

  • CEO (Chairman)
  • COO
  • CFO
  • Sales Director
  • Market Relations Director
  • Service Director
  • HR Director
  • Risk and Compliance Director

Other attendees will be required from time to time by invite of the Chairman.

Target Servicing Limited

Target Servicing Limited (TSL) Is the regulatory entity controlling all services within Target group which require appropriate regulatory governance. It holds monthly management meetings which occur immediately after ExCo. The dependencies for this are the same as ExCo. The required attendees are:

  • CEO
  • COO
  • CFO
  • Sales Director
  • Service Director
  • HR Director
  • Non Executive Director
  • Risk and Compliance Director

Other attendees will be required from time to time by invite of the Chairman.

OpCo

This meeting is a precursor to ExCo and TSL. This is a detailed review of all aspects of the business with significant detail on the operation of the business in the previous month. Projections for the remainder of the year will be affirmed or variations noted and escalated to ExCo. The required attendees are:

  • COO
  • HR Partner
  • Head of Delivery
  • Head of Servicing
  • Head of Management Accounts
  • Head of Bid
  • Head of Financial Servicing
  • Head of Client Development

Other attendees will be required from time to time by invite of the Chairman.

Separate to the above management governance meetings there are further governance meetings held within the business that aim to cover off specific areas of the business as follows:

Audit & Risk committee

This is held on a monthly basis, is chaired by the Risk & Compliance Director. The aim of the meeting is to cover the following key areas off the business:

  • Risk Summary and update
  • Audit Update
  • Compliance monitoring update
  • Financial Crime update
  • Policy adherence review
  • Regulatory update
  • Conduct and consumer outcomes

The Audit & Risk committee is attended by the ExCo management team and actions are owned by the ExCo members.

The Remuneration Committee is chaired by the Investor and is in place to authorise and amend changes to the terms and conditions of the ExCo team members. This meeting is held on quarterly basis or when required.

 



We have placed cookies on your computer to give you the best experience on our website.
You can change your cookie settings at any time. You can find out more about how we use cookies by viewing our privacy policy.