THE PRI BOARD
The PRI Association is governed by the PRI Association Board (the Board) as set out in the Articles of Association of PRI Association.
The Board is collectively responsible for the long-term success of the PRI, in particular:
- establishing the PRI’s mission, vision and values;
- 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.
The Board is composed of:
- one independent Chair (confirmed by a signatory vote);
- ten Directors:
- seven elected by asset owner signatories;
- two elected by investment manager signatories;
- one elected by service provider signatories.
The Chair and all elected Directors are the Statutory Members of the Company. There are two Permanent UN Advisors to the Board, representatives from the PRI’s founding UN partners: UN Global Compact and UNEP Finance Initiative. For details of the current members of the Board, see the PRI Board page.
If you would like to raise issues for the Board to consider, please email email@example.com.
BOARD MEETING REPORTS
UPCOMING BOARD MEETINGS
- 2 & 3 March 2017 – London
- 6 & 7 July 2017 – Oslo
- 23 and 24 September 2017 – Berlin
RULES, POLICIES AND TERMS OF REFERENCE
These documents, referred to in the Articles, enshrine the procedures and practicalities required to give effect to each Article in more detail. The Board approved the following Rules, Policies and Terms of Reference in June 2015, following signatory consultation:
A number of committees to facilitate the workings of the Board were established within the new governance structure in April 2015.
Each committee will report annually on its activities in the Signatory General Meeting (SGM) papers and present a summary at the SGM itself. If you have any questions on the roles of the committees or would like to raise an issue with a committee chair, email: firstname.lastname@example.org.
Members: Xander den Uyl (chair), Marcel Barros, Hirominchi Mizuno, Renosi Mokate,
The committee is responsible for overseeing the values, ethics and good reputation of the PRI, including matters related to the PRI Association Board Code of Ethics.
FINANCE, AUDIT AND RISK
Members: Peter Webster (chair), Eva Halvarsson, Priya Mathur
The committee assures the Board of: the veracity of the financial statements, the efficacy of risk management and the strength and appropriateness of control processes across the PRI. The committee’s responsibility and authority covers the entire PRI Association and any joint ventures that may be entered into.
HUMAN RESOURCES AND REMUNERATION
Members: Renosi Mokate (chair), Eva Halvarsson, Xander den Uyl
The committee ensures that the human resources and remuneration arrangements support the strategic aims of the PRI Association and enable the recruitment, development and retention of staff. They must comply with regulatory and governance requirements, satisfy the expectations of members and meet target employees’ expectations.
Members: Xander den Uyl (chair), Sandra Carlisle, Priya Mathur, Hiro Mizuno, Gavin Power, Eric Usher, Peter Webster
The committee’s purpose is to guide the preparation of financial system and policy related content for the Board. This would incorporate strategic guidance on the activities to realise the sustainable financial system aspect of PRI’s mission, including for example, the Sustainable Financial System and Sustainable Development Goals programmes.
SIGNATORY AND STAKEHOLDER ENGAGEMENT
Members: Priya Mathur (chair), Geeta Aiyer, Marcel Barros, Sandra Carlisle, Angela Emslie, Hiromichi Mizuno
The committee guides the Board and Executive on: signatory status and categorisation, active participation of signatories in PRI activities and work streams, effective communication with signatories, outreach to prospective signatories and effective partnerships with key stakeholders.
SKILLS, DIVERSITY AND ELECTIONS
Members: Angela Emslie (chair), Geeta Aiyer, Sandra Carlisle, Peter Webster
The committee guides the Board on the measures to promote the diversity and appropriate skills and expertise for it to carry out its duties effectively. It facilitates the process for the Board to evaluate the Board Chair’s performance and supports the Board in overseeing the election process.
Board meeting and committee attendance
|PRI Board||PRI Board committees|
|Meetings||Calls||Finance Audit and Risk||HR and Remuneration||Signatory and Stakeholder Engagement||Skills Diversity and Elections|
Total number of meetings:
January - December 2016
|Niels Erik Petersen||3/4||2/2|
|Xander den Uyl||4/4||2/2||2/2|
The Ethics committee did not formally meet in 2016.
*Colin Melvin resigned from the PRI Board in December 2016.
**Peter Webster stepped down from the committee during and after the 2016 PRI Board elections.
PRI GOVERNANCE REVIEW (SEP 2013 - APR 2015)
The current PRI governance structure was established on 1 April 2015, following a comprehensive, independent 18-month governance review and extensive signatory consultation, paving the way for a simpler, more transparent and accountable governance structure.
The PRI announced at the 2013 Signatory General Meeting (SGM) in Cape Town that it would carry out a formal review of its governance structure and processes.
The draft scope for consultation was released to signatories for comment by the end of February 2014.
The PRI outlined the proposed changes at the 2014 SGM in Montreal.
97.6% of asset owner and 96% of non-asset owner voters approved the revised Articles.
Consultation on Rules, Policies, Terms
The PRI sought signatory feedback on the Rules, Policies and Terms of Reference that enshrine the procedures and practicalities required to give effect to each Article.
Following the consultation, the Board approved the Rules, Policies and Terms of Reference (listed above) in June 2015.