The Royal Bank of Scotland International (Holdings) Group of companies (the “Company”) is committed to the highest standards of corporate governance, business integrity and professionalism in all its activities.
The Royal Bank of Scotland International (Holdings) Group refers collectively to The Royal Bank of Scotland International (Holdings) Limited along with its key operating subsidiaries – The Royal Bank of Scotland International Limited (RBS International), NatWest Trustee and Depositary Services Limited (NWTDS) and RBS International Depositary Services S.A. (RBS International Depositary Services).
The Company is governed by a framework of Boards and committees. For example, the RBSI Holdings Board is the principal decision-making forum for RBSI Holdings. It has overall responsibility for leading and controlling the company. The RBSI Holdings Board approves the strategy across RBSI Holdings and monitors performance. It has adopted a formal schedule of matters reserved for Board discussion that details key aspects of the company's affairs and this schedule is reviewed annually.
Collectively responsible for the long-term success of the company and delivery of sustainable shareholder value. Its role is to provide leadership of the company within a framework of prudent and effective controls which enables risk to be assessed and managed.
Responsible for assisting the Board in discharging its responsibilities in relation to accounting policies, internal control, financial reporting functions, internal audit, external audit, risk assessment and regulatory compliance.
The committee also reviews matters relating to the financial affairs of the company; accounting and financial reporting and regulatory compliance; internal controls, Internal Audit and the external Auditors.
The Board Risk Committee provides oversight and advice to the Board of RBSI Holdings in relation to current and potential future risk exposures of RBSI Holdings and future risk strategy, including determination of risk appetite and tolerance.
The Executive management team supports the Chief Executive in managing the company’s businesses. The team review and debate relevant items before consideration by the company’s Boards and Committees.
The Executive management team is responsible for developing and delivering strategy and priorities approved by the Boards, monitoring performance against key financial objectives, managing and overseeing asset and liability management, capital allocations, risk, disclosure issues, investments, acquisitions and disposals, operational issues, customer issues and succession planning. The Executive management team actively promote the company’s culture and values.
Collectively responsible for the long-term success of RBS International and delivery of sustainable shareholder value. Its role is to provide leadership of RBS International within a framework of prudent and effective controls which enables risk to be assessed and managed.
The RBS International Audit Committee is responsible for assisting the Board in discharging its responsibilities in relation to accounting policies, internal control, financial reporting functions, internal audit, external audit, risk assessment and regulatory compliance.
The committee also reviews matters relating to the financial affairs of RBS International; accounting and financial reporting and regulatory compliance; internal controls, Internal Audit and the external Auditors.
The Board Risk Committee provides oversight and advice to the Board of RBS International in relation to current and potential future risk exposures of RBS International and future risk strategy, including determination of risk appetite and tolerance.
Collectively responsible for the long-term success of RBS International Depositary Services and delivery of sustainable shareholder value. Its role is to provide leadership of RBS International Depositary Services within a framework of prudent and effective controls which enables risk to be assessed and managed.
Collectively responsible for the long-term success of NWTDS and delivery of sustainable shareholder value. Its role is to provide leadership of NWTDS within a framework of prudent and effective controls which enables risk to be assessed and managed.
The NWTDS Audit Committee is responsible for assisting the Board in carrying out its responsibilities relating to accounting policies, internal control, financial reporting functions, internal audit, external audit, risk assessment and regulatory compliance.
The committee also reviews matters relating to the financial affairs of NWTDS; accounting and financial reporting and regulatory compliance; internal controls, Internal Audit, Risk Management and the external Auditors.
The Board Risk Committee is responsible for providing oversight and advice to the Board in relation to current and potential future risk exposures and future risk strategy, including determination of risk appetite and tolerance. It is also responsible for promoting a risk awareness culture within NWTDS.
