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:

Chair’s Terms of Reference Code of Ethics Directors’ Terms of Reference
Diversity Policy Election Rules Grant Policy
Human Rights Policy Managing Director’s Terms of Reference Permanent UN Advisors’ Terms of Reference
Procurement Policy Signatory Accountability Rules Signatory General Meeting Rules
  Signatory Rules  

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.

Terms of reference

Governance

Members: Angela Emslie (chair), Wendy Cromwell, Lise Kingo, Xander den Uyl

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.

Terms of reference

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.

Terms of reference

Policy

Members: Xander den Uyl (chair), Hiro Mizuno, Lise Kingo, Laetitia Tankwe, Eric Usher, Peter Webster, 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. 

Terms of reference

Signatory status

Members: Angela Emslie, Tycho Sneyers, Peter Webster

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.

Terms of reference

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
  • 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. 
Signatory Consultation

Jul-Aug 2014
Proposal

Sep 2014
Signatory vote

Jan 2015
  • Prior to opening voting on the changes, the PRI invited all signatories to review the revised Articles and the accompanying cover note from the Advisory Council Chair, providing a key to the changes.
  • 97.6% of asset owner and 96% of non-asset owner voters approved the revised Articles.
Consultation on Rules, Policies, Terms

Apr 2015
  • 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.