The 2025 PRI Board annual election is for one asset owner representative position and one service provider representative position.
Asset owner representative position
The PRI is a global organisation, and aims for global representation on the Board, particularly within the asset owner positions. Therefore, the PRI Board is encouraging candidates from asset owner signatories headquartered in Latin America.
The deadline for nominations from candidates from asset owner signatories headquartered in Latin America is 11 August 2025. Eligible nominations received by 11 August will proceed to an asset owner election starting on 22 October.
Exclusivity period
If no eligible candidate(s) nominate by 11 August, the PRI will remove the relevant geographical eligibility requirement and call for all asset owner signatory candidates, irrespective of geographic region.
Service provider representative position
For the service provider representative position, the Board is encouraging candidates with expertise on technological platforms and technology change projects.
Service provider signatory candidates are encouraged to nominate between 13 August and 30 September. Eligible nominations received by 30 September will proceed to a service provider election starting on 22 October.
Nomination and announcement
To find out more information, register your interest, or to formally nominate, please email [email protected].
The Board will announce all nominated candidates at the Signatory General Meeting on 21 October.
About the PRI
The PRI is a global membership organisation that has grown significantly since it was founded in 2006 by a small group of investors in partnership with the UN Global Compact and UNEP Finance Initiative. Today there are more than 5,000 signatories in over 80 countries.
In 2024 the PRI Board set the new strategy for the PRI. The strategy is designed to maximise the value we deliver to signatories and to accelerate progress towards a sustainable global financial system. The strategy has four key areas:
- Driving signatory progression on responsible investment while streamlining PRI mandatory reporting.
- Strengthening regional RI ecosystems in both mature markets and emerging and developing economies.
- Amplifying signatory impact by supporting and leading collaborative initiatives.
- Strengthening the enabling environment for RI by influencing government and multilateral policy and financial market practices.
The priorities for the PRI Board are:
- oversight of the implementation of the strategy;
- signatory and stakeholder engagement;
- succession planning, including the recruitment and transition to a new CEO; and
- developing the long-term vision for responsible investment to coincide with the PRI’s 20th anniversary in 2026.
PRI BOARD
The PRI Board is collectively responsible for the long-term success of the PRI, in particular:
- setting the strategy, risk appetite and structure;
- delegating the implementation of the strategy to the PRI Association Executive (the executive);
- monitoring the executive’s performance against the strategy;
- exercising accountability to signatories;
- being responsible to relevant stakeholders.
PRI Board composition
The Board is composed of:
- one independent Chair (confirmed by a signatory vote)
- ten elected directors:
- seven directors elected by asset owner signatories;
- two directors elected by investment manager signatories;
- one director elected by service provider signatories; and
- two permanent UN advisors who are representatives from the PRI’s founding UN partners: UN Global Compact and UNEP Finance Initiative.
The chair and all elected directors are fiduciaries, with associated directors’ duties, and the statutory members of the company.
Eligibility
Board Directors are all senior leaders within their signatory organisations. To be eligible to stand for the election, candidates must be a ‘relevant officer’, a person who is employed or otherwise serving as:
- the Chief Executive Officer of a Signatory; or
- the Chief Investment Officer of a Signatory; or
- in the case of a Signatory that does not have the offices of Chief Executive Officer or Chief Investment Officer: the most senior investment professional of that Signatory; or
- a director serving on the main governing board (and not merely any subsidiary boards, subordinate boards or committees) of a Signatory; or
- a trustee of a Signatory; or
- an executive employee of a Signatory in a role where his or her immediate line manager is one of the persons described in sub-paragraphs (1), (2) or (3) of this definition of Relevant Officer.
- a former relevant officer
For information on the current PRI Board Directors, including Directors’ terms, see the table below.
Skills, experience and diversity
As part of the commitment to strengthen the rigour and accountability of the election process, the PRI is providing guidance and information to candidates and signatories in advance of their vote.
The Board should have the appropriate balance of skills, diversity, experience, independence, and knowledge of the organisation to enable it to discharge its duties and responsibilities effectively. This necessary diversity encompasses a sufficient mix of relevant skills, competence, and diversity of perspectives. It may include but is not limited to: geographical diversity of signatory representation to bring regional knowledge and perspectives to the board; diversity of geographical origin, ethnicity, language and culture, and also gender diversity.
The Board needs to be appropriately representative of the diversity of the PRI signatories in order to generate effective debate and discussion around the key issues that the board considers, and to deliver the broadly founded leadership that the initiative requires. The PRI is a global organisation, and aims for global representation on its board, particularly within the asset owner positions. Therefore, the for the asset owner representative position the Board is encouraging candidates from asset owner signatories headquartered in in Latin America.
For the service provider representative position, the Board is encouraging candidates with expertise on technological platforms and technology change projects.
For all positions, the PRI Board is encouraging nominations from candidates with governance skills and demonstrated leadership in responsible investment.
Candidates are asked to elaborate leadership and governance experience, and demonstrated leadership in responsible investment, in their candidate statement. This information as well as information on the nominating signatory, the candidate biography, statement, and candidate video will enable the signatory electorate to easily compare the skills, experience, and diversity of the respective candidates.
Director expectations
Directors are nominated by a signatory organisation and elected by signatories, from a signatory category, but have a responsibility to fulfil their duties as an individual and in the long-term interests of the PRI as a whole.
Term duration
The successful candidates in the election are elected for three-year terms and are expected to serve from 1 January 2026 to 31 December 2028. No Director may serve for more than three consecutive three year terms as an elected Director.
Time allocation
The Board has a mixture of online and in-person meetings. For 2026, there are three in-person Board meetings planned lasting 1.5 days each, and four additional virtual meetings.
The expectation is that Directors will participate in every meeting. All Directors are asked in advance for their availability for the meetings. Directors are expected to dedicate additional reading and preparation time leading up to meetings. The time commitment is approximately 12-14 days including meetings and preparation, but excluding travel.
Board members are typically appointed to between one and three Board committees. The five permanent committees (Finance, Audit and Risk; Governance; People and Culture; Policy; and Progression and Accountability Oversight) facilitate the discussions and workings of the Board and are critical to the effectiveness of the Board. The workload of each committee is varied, but on average a committee will have three or four 1.5-hour conference online meetings per year. The expectation is that each committee member will participate in every respective committee meeting, with a requirement to participate in a majority of meetings of that committee in a calendar year.
Attendance at online and/or in-person planned and ad hoc Board meetings, committee meetings, and conference calls will be recorded in the annual PRI Board report and on the PRI website.
Expenses
The PRI is a not-for-profit organisation and does not compensate Directors. There is however a set travel allowance for the travel expenses of Directors that attend in-person meetings.
2025 PRI Board election timetable
Date | Action |
---|---|
18 July |
Start of ‘exclusivity period’. Invitation for candidates from asset owner signatories headquartered in Latin America. |
11 August |
End of ‘exclusivity period’. Deadline for nominations for candidates from asset owner signatories headquartered in Latin America. |
13 August |
Formal publication of the election notice and invitation for signatories to nominate candidates:
|
30 September |
Deadline for nominations. |
21 October |
Announcement of the election candidates at the Signatory General Meeting. |
22 October |
Election voting opens. |
5 December |
Election voting closes. |
w/c 8 December |
Board announcement of the election results. |
1 January 2026 |
Start of term for the new Directors. |
Application process
The signatory putting a candidate forward must have contributed the invoiced financial contribution in the current financial year and must have participated in the PRI Reporting and Assessment process if mandatory. The requirement around the Reporting and Assessment process does not apply to signatories that are not required to do the Reporting and Assessment process because it is a ‘grace’ year.
The application process requires you to provide three key items described below.
1) Application forms
As part of the application process, all candidates are required to complete the following two forms.
Please send the completed forms to [email protected] in word format with a photo separately attached. The PRI will publicise the candidate information form on the PRI website, and it will also be attached to the voting ballot. This will allow signatory electorate to easily compare the skills, experience and diversity of the respective candidates.
2) Seconded by another signatory
Candidates must be nominated by their signatory organisation and seconded by another signatory within the same signatory category. For example, an asset owner candidate must be nominated by their signatory organisation and seconded by another asset owner signatory.
Candidates can choose to provide the confirmation of being seconded by another signatory of the relevant category in any of the following two options:
- the seconding organisation can cc [email protected] in the email, or;
- candidates can forward the email to [email protected] after receiving the confirmation from the seconding organisation.
3) Candidate video
After candidates have been notified of their eligibility they will be asked to record a five minute (maximum) promotional video for the voting period. As part of the application process, eligible candidates will be notified with details of video requirements. Follow the links to see historical examples of Wendy Cromwell, Sharon Hendricks, Wilhelm Mohn and Laetitia Tankwe.
SIGNATORY VOTING
Signatories of the relevant category vote for the nominated candidate of that particular category as below:
- Asset owner signatories vote for asset owner candidates.
- Investment manager signatories vote for investment manager candidates.
- Service provider signatories vote for service provider candidates.
This PRI Board election is for one asset owner representative position and one service provider representative position. Therefore, only asset owner signatories and service provider signatories are eligible to vote for candidates for their signatory category in the 2025 Board elections.
Each asset owner signatory will have one vote for the one asset owner representative position. Each service provider signatory will have one vote for the one service provider representative position. The candidates who receive the highest number of votes in each category are elected.
All asset owner, investment manager, and service provider signatories will be invited to vote to:
- Receive the PRI Annual Report and Accounts.
- Approve the Signatory General Meeting minutes.
The voting will be conducted via an independent voting provider via a web-based online voting system. All votes are anonymous.
Current Board directors
Category | Director | Signatory | Signatory HQ country | Term |
---|---|---|---|---|
Chair |
Conor Kehoe |
Independent |
N/A |
2024-2026 |
Directors elected by asset owner signatories |
Sharon Hendricks |
CalSTRS |
USA |
2024-2026 |
Takeshi Kimura |
Nippon Life Insurance Company |
Japan |
2024-2026 |
|
Denísio Liberato* |
PREVI |
Brazil |
2023-2025 |
|
Torben Möger Pedersen |
PensionDanmark |
Denmark |
2024-2026 |
|
Lebogang Mokgabudi |
GEPF |
South Africa |
2024-2026 |
|
Wilhelm Mohn |
Norges Bank Investment Management (NBIM) |
Norway |
2025-2027 |
|
Laetitia Tankwe |
CFDT |
France |
2025-2027 |
|
Directors elected by investment manager signatories |
Wendy Cromwell |
Wellington Management |
USA |
2025-2027 |
Tycho Sneyers |
LGT Capital Partners |
Switzerland |
2024-2026 |
|
Director elected by service provider signatories |
Rebeca Minguela* |
Clarity AI |
USA |
2023-2025 |
*End of term Board directors
Director | Category | Eligible to re-nominate |
---|---|---|
Denisio Liberato | Asset owner representative | Yes |
Rebeca Minguela | Service provider representative | Yes |
Further information
For more information on the role of the PRI Board, expectations of Directors, application and elections process email [email protected] for a written query and/or to set up a briefing call.
Also refer to the following materials:
- PRI strategy 2024-27
- Directors Terms of Reference for information on the role and responsibilities of the Directors (PDF)
- Election Rules for information on relevant articles, election timetable, campaigning, and voting (PDF)
- Board Diversity Policy for information on PRI’s equality, diversity, and inclusion (PDF)
- Code of Ethics and Conduct for information on PRI Board guidance on the professional standards expected from PRI Board members (PDF)
- Articles of Association of PRI Association for information on PRI’s governance and operations (PDF)
- PRI Board members for information on our Board members, biographies and Board composition.