The PRI Advisory Council and PRI Association Board agreed at their joint meeting in Cape Town on 30 September to carry out a formal review of the PRI’s governance structure and processes. The PRI is committed to ensuring this review is carried out to the highest standards of independence, impartiality, transparency and accountability, and that its findings and recommendations – along with any subsequent changes to PRI governance as a result of the review – are clear, practical, understood and supported by signatories via our decision-making processes.
Updates on the progress of this review will be published below as they become available.
- Letter to signatories about the PRI’s governance review (20 Dec 2013)
- An overview of PRI governance, including frequently asked questions
- Draft scope of governance review (6 February 2014)
- Summary of feedback on draft scope (to be released in March 2014)
- Request for Proposals (RfP) for independent reviewer
The Initiative has established a management and governance framework with documented processes and guidelines to make decisions that create long-term value for signatories and the Initiative. Today, this framework comprises a 16-person PRI Advisory Council (Council), made up of two permanent members from the United Nations, 13 elected representatives from all categories of signatory and regions of the world and an elected Chair, and a seven-person PRIA Board (Board), supported by several Committees.
Signatories and other stakeholders can learn more about PRI governance by reviewing this overview document, which outlines the key decision-making bodies and processes of the Initiative, outlines their roles and responsibilities and answers some of signatories’ most frequently asked questions
The PRI’s financial and legal affairs had until 2010 been run from the Foundation for the Global Compact, based in New York. As a result of PRI’s growth and increased operational activity in the UK, PRI Association was established in the UK to house the initiative.
• 11 & 12 March, London
• 10 March, London
If you would like to raise issues for the consideration of the Advisory Council or Board please email email@example.com.
PRI Association is a company limited by guarantee (a not-for-profit) with its directors appointed by the PRI Advisory Council.
PRI Advisory Council (Council)
A representative 16-person Advisory Council determines the strategic direction of PRIA and provides oversight of the Initiative. Asset owner members of the Council and the Chair appoint the Board.
PRI Association Board (Board)
The legal, fiduciary board of PRI Association oversees the activities of the Secretariat.
Responsible for the day-to-day operations of the Initiative and the execution of its strategy.