The PRI Association is governed by the PRI Association Board (the board) as set out in the Articles of Association of PRI Association.
Board responsibilities
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.
Discussions over the last year
Strategy 50%
- Foster a community of active owners
- Challenge barriers to a sustainable financial system
- Enable real-world impact aligned with the Sustainable Development Goals
- Driving meaningful data
- 2019 signatory survey and 2021-24 strategy
- 2018-19 annual review of progress of Blueprint priorities
- 2019 reporting results
- Reporting Framework review
- Service provider access to data
- Signatory relations briefing
- Asia-Pacific briefing
- Inevitable Policy Response briefing
Operations (inc. monitoring performance) 19%
- Management / CEO report
- 2019-20 mid-year budget review
- 2020-21 budget
- Human resources review
- Digital and communications update
- Minimum reserves
- PRI in Person
Governance 31%
- Procurement policy
- 2019 PRI Board elections
- 2020 PRI Board elections
- Director eligibility rules
- CEO performance assessment
- Chair performance assessment, contract and priorities
- Signatory and stakeholder interaction
- PRI Board committee reports
- Minutes, matters arising
Board report
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.
Board meetings
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
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:
Committees
The committees facilitate the workings of the board. The board reports on the activities of each committee in the Signatory General Meeting (SGM) papers.
Finance, audit and risk
Members: Wendy Cromwell (chair), Eva Halvarsson, Tycho Sneyers, Laetitia Tankwe
The committee assures the Board of: the veracity of the financial statements, the efficacy of risk management and the strength, the efficacy of compliance controls; and strength and appropriateness of control processes across the PRI.
Governance
Members: Angela Emslie (chair),Xander den Uyl, Sharon Hendricks, Sanda Ojiambo
The committee’s purpose is to provide guidance to the Executive and make recommendations to the Board as necessary on: the Board and company’s governance, including guidelines, policies and practices; the PRI Board’s effectiveness, including skills, diversity and expertise; the PRI Board elections; and the PRI Code of Ethics and related ethical issues.
Human resources and remuneration
Members: Renosi Mokate (chair), Wendy Cromwell, Eva Halvarsson
The committee’s purpose is to ensure that the human resources (HR) and remuneration arrangements support the strategic aims of the PRI Association and enable the recruitment, motivation and retention of staff while complying with the requirements of regulatory and governance bodies, satisfying the expectations of its members and remaining consistent with the expectations of the wider target employee population. The committee is responsible for PRI chair review process.
Policy
Members: Xander den Uyl (chair), Laetitia Tankwe, Eric Usher, Michael Jantzi, Sharon Hendricks
The committee’s purpose is to guide the preparation of financial system, policy and ‘drive meaningful data’ related content for the Board. This would include strategic guidance on the activities to realise a sustainable financial system (as set out in the PRI’s mission) and oversight of the PRI’s programme to drive meaningful data throughout markets. The role of the committee is to guide the Executive in the preparation of materials for the Board, reviewing planned papers and related materials, encompassing programme plans, and financial and resourcing plans.
Signatory status
Members: Angela Emslie, Tycho Sneyers (Chair), Michael Jantzi
The committee’s purpose is to advise the Executive and make recommendations to the Board as necessary on: signatory categorisation; signatory accountability - minimum standards; signatory accountability - integrity of the PRI initiative; and other any other issues around signatory status.
If you have any questions or would like to raise an issue on the role of the board or the committees, email: governance@unpri.org.
