PRI appoints Carnstone Partners to undertake governance review
LONDON, 2 May 2014
The Principles for Responsible Investment (PRI) today appointed Carnstone Partners LLP as the independent advisor to carry out a review of its governance. Eight firms responded to the PRI’s Request for Proposals (RfP) for an independent expert to carry out the review in March, and these were reviewed and shortlisted by the Governance committee in line with the criteria set out on the RfP. Eighteen signatories responded to an earlier consultation on the scope of the governance review.
“To realise the PRI’s mission, we need a simple, transparent and responsive governance structure that is aligned with the needs of signatories and matches the high standards of governance the PRI itself promotes,” said Martin Skancke, Chair of the PRI Advisory Council. “Carnstone has extensive experience working with large corporates, not-for-profits and other global membership organisations developing and implementing effective governance structures, and we look forward to working with them to deliver a fit-for-purpose structure for the PRI.”
Carnstone’s team, led by senior partner Peter De Graaf, will work with Mr Skancke and the Advisory Council’s Governance committee, led by Priya Mathur, to prepare a consultation paper and recommendations for discussion with signatories prior to the PRI’s Signatory General Meeting in Montreal, Canada on 24 September, 2014. Following the SGM, a final report, accompanied by an implementation plan and timeline for any proposed governance changes, will be published and communicated to signatories. “We are delighted to work with the PRI on this review, “said Mr. De Graaf. “The PRI has made enormous progress over the last years and it is important that the governance of the organisation remains effective and fit-for-purpose. We look forward to working with the signatories over the next months”.
Copies of the RfP, draft scope, signatory responses and regular updates on the progress of the review are available to view online.