Terms of reference
This page provides the terms of reference of the Executive Committee of UK Export Finance.
On this page:
Purpose and objectives
The Executive Committee is responsible for advising the Chief Executive on the management of our business in support of his responsibility as the Accounting Officer.
Activities
The Executive Committee is responsible for advising on the following matters:
- business plans and strategies;
- operating policies and practices;
- the organisational and management structure;
- the system of corporate governance, including policies and procedures for strategic and operational risk management;
- the allocation and management of financial and human resources;
- business performance, including the achievement of financial objectives;
- issues referred by Risk Committee and the Business Systems and Infrastructure Committee; and
- business continuity arrangements.
Membership and Chair
The Executive Committee comprises:
- the Chief Executive as Chair;
- the Director of the Business Group;
- the Director of the Credit Risk Group;
- the General Counsel;
- the Finance Director; and
- the Head of Human Resources.
In the absence of the Chair, a nominated member will chair the Executive Committee.
Authority
The Executive Committee is advisory and supports the Chief Executive’s personal responsibility as Accounting Officer for the Department.
Quorum
A quorum will be the Chair, or his nominee, and two other members.
Frequency of meetings
The Executive Committee usually meets fortnightly.
Written procedure
Urgent or straightforward issues or matters only involving the provision of information can be considered by written procedure.
Reporting
Minutes of each meeting are produced and published.
Secretariat
The Secretariat is provided by the Chief Executive’s office. The secretary is responsible for circulating agendas and papers and producing and publishing minutes. The secretary manages business conducted by written procedure.
Sub-committees of the Executive Committee
The main sub-committees are:
- Risk Committee, chaired by the Director of the Credit Risk Group, which is responsible for the effective management of all aspects of our credit and treasury risk exposures;
- Business Systems and Infrastructure Committee, chaired by the Finance Director, which is responsible for all investments in business systems and infrastructure; and
- Information Assurance Management Committee, chaired by the Departmental Security Officer, which is responsible for ensuring that the information required for our business, operations, systems and processes is appropriately secured in line with our legal, regulatory and central government requirements.
Review
These terms of reference will be reviewed as required but no less frequently than annually.
The terms of reference were last updated on 1st May 2010.
Contact the Chief Executive’s office, which you can find on the right hand side of this page, for more information
