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:
- 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.
Board priorities for this year
- Lead the response to the ‘PRI in a Changing World’ signatory consultation.
- Lead the Chair search process.
- Organisational effectiveness, including oversight of the implementation of the target operating model.
The Board provides a quarterly update in the quarterly signatory update.
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 has approved the following rules, policies and terms of reference:
|Terms of reference
|Human rights policy
|CEO terms of reference
|Public communications policy
Signatories are encouraged to read the full PRI Board report which provides an overview of the work undertaken by the board over the past year, how we work together and with the executive.
The report includes our focus on organisational purpose; the leadership of the board; integrity measures; decision-making processes, risks and controls; actions to improve our effectiveness; how we are thinking about board diversity and communicating this to signatories; and our efforts to be open and accountable to signatories.
Discussions over the last year
The Board met eight times between 1 April 2022 and 31 March 2023, through a combination on in-person and online meetings.
Strategy received significantly more focus from the Board this year (52% vs 31% in 2021/22), largely driven by time discussing the PRI in a Changing World signatory consultation.