The Board is committed to achieving long term success for the CYBG PLC group (Group) through delivery of its strategy. The strategy is underpinned by high standards of corporate governance appropriate for a publicly listed company.
The Group operates within a corporate governance framework which meets the requirements of the Financial Reporting Council’s UK Corporate Governance Code.
Key documents and policies which form part of the corporate governance framework and highlight the Group's commitment to corporate governance are set out below.
CYBG PLC is governed by a Board of Directors. Information on the authority, role, responsibilities, structure, composition and meeting procedures of the Board of Directors, and of the Board’s oversight of its subsidiaries, is set out in the Board Charter. The Board Charter also describes matters which are reserved for the Board.
The Board may from time to time establish committees as it considers necessary or appropriate to assist the Board in carrying out its responsibilities.
The Board has established the following standing committees:
The charter for each committee sets out the authority, role, responsibilities, composition and meeting procedures of the committee.
As required, the Board may also establish sub-committees to assist the Board in the oversight of specific areas that may require more detailed attention.
The Internal Audit Charter sets out the purpose, scope, activities and responsibilties of the Group's Internal Audit function, along with the organistational framework within which it operates.