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Board Committees

Delivering robust and effective governance across our business 

Governance and control framework 

Our Board is strengthened by the support of our Board Committees that make sure we deliver effective oversight and leadership. The Board delegates certain aspects of its responsibilities to it six Board committees. These are:

Responsible for financial reporting, the effectiveness of internal controls and risk management systems and processes and compliance matters.

Provides oversight and advice to the Board in relation to the implementation, delivery and embedding of the new Consumer Duty requirements into PIC’s processes and business activities.

Oversees the management of all aspects of our investment portfolios along with our new business and reinsurance origination.

Makes sure there’s strong, responsible leadership driving the company and that we have effective succession planning.

Oversees the remuneration policy for employees and directors.

Provides oversight and advice on current and future business risks.

The Committee reports are set out from pages 104 of the PICG 2023 Annual Report and Accounts.

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