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 governance@unpri.org.
Board meetings
| 2015 | March – Advisory Council and Board Report |
|||
|---|---|---|---|---|
| April Report |
June Report |
September Report |
December Report |
|
| 2016 | February Report |
June Report |
September Report |
December Report |
| 2017 | March Report |
July Report |
September Report |
November Report |
| 2018 | March Report |
June Report |
September Report |
December Report |
| 2019 | March 7/8 – London |
June 26/27 – Amsterdam |
September 8/9 – Paris |
December 9/11 – Melbourne |
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:
Committees
The committees facilitate the workings of the Board.
The Board will report on the activities of each committee in the Signatory General Meeting (SGM) papers. If you have any questions on the roles of the committees or would like to raise an issue with a committee chair, email: governance@unpri.org.
Finance, audit and risk
Members: Peter Webster (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), Wendy Cromwell, Lise Kingo, Xander den Uyl, Peter Webster
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), Priya Mathur, Hiro Mizuno, Lise Kingo, Laetitia Tankwe, Eric Usher, Peter Webster
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: Priya Mathur (chair), Angela Emslie, Tycho Sneyers
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.
Board meeting and committee attendances
2018 attendance record2017 attendance record2016 attendance record
PRI governance review
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.
| Announcement Sep-Dec 2013 |
|
|---|---|
| Signatory Consultation Jul-Aug 2014 |
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| Proposal Sep 2014 |
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| Signatory vote Jan 2015 |
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| Consultation on Rules, Policies, Terms Apr 2015 |
|
References
