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Board Committees

The Board has established Audit, Risk, Nomination & Governance and Remuneration Committees to which a number of matters are delegated for more detailed consideration. Each Committee comprises independent Non-Executive Directors with the Nomination & Governance Committee chaired by the Chairman who was independent on appointment. The biography of each Non-Executive Director sets out which Committees they chair or are a member of.

 

Audit Committee

The Audit Committee has responsibility for monitoring the integrity of the Group’s financial statements and the effectiveness of the systems of internal control and for monitoring the effectiveness, performance and objectivity of the internal and external auditors.

Download a copy of the Audit Committee terms of reference (pdf, 57KB)

The Audit Committee has established the Global Internal Audit function whose authority, purpose and responsibilities are set out in the Bupa Internal Audit Charter. The Audit Committee reviews and recommends the Charter to the Board for approval on an annual basis.

Download a copy of the Bupa Internal Audit Charter (pdf, 77KB)
 

Risk Committee

The Risk Committee has responsibility for the leadership and oversight of risk across the Group. This includes the understanding of current risk exposures and future risk strategy, overall risk appetite and tolerance, risk management framework including risk policies, process and controls, and the promotion of a risk awareness culture throughout the Group.

Download a copy of the Risk Committee terms of reference (pdf, 52KB)


Nomination & Governance Committee

The Nomination & Governance Committee is responsible for the selection and proposal to the Board of suitable candidates for appointment as Executive and Non-Executive Directors and the recommendation to the Board of new Association Members. The Committee engages external search consultants to identify candidates for Board vacancies before recommending a preferred candidate to the Board for consideration.

Download a copy of the Nomination & Governance Committee terms of reference (pdf, 53KB)

 

Remuneration Committee

The Remuneration Committee is responsible for the setting and oversight of the remuneration policy for Bupa, including making recommendations to the Board on remuneration policy in respect of the Executives, certain designated individuals and the Chairman. In determining remuneration policy, the Committee considers a variety of legal and regulatory requirements and the relevant provisions of the UK Corporate Governance Code.   

Download a copy of the Remuneration Committee terms of reference (pdf, 35KB)

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