THE PRI BOARD
The PRI Association is governed by the PRI Association Board (the Board) as set out in the Articles of Association of PRI Association.
The Board is collectively responsible for the long-term success of the PRI, in particular:
- establishing the PRI’s mission, vision and values;
- setting the strategy, risk appetite and structure;
- delegating the implementation of the strategy to the PRI Association Executive (the Executive);
- monitoring the Executive’s performance against the strategy;
- exercising accountability to signatories;
- being responsible to relevant stakeholders.
The Board is composed of:
- one independent Chair (confirmed by a signatory vote);
- ten Directors:
- seven elected by asset owner signatories;
- two elected by investment manager signatories;
- one elected by service provider signatories.
The Chair and all elected Directors are the Statutory Members of the Company. There are two Permanent UN Advisors to the Board, representatives from the PRI’s founding UN partners: UN Global Compact and UNEP Finance Initiative. For details of the current members of the Board, see the PRI Board page.
If you would like to raise issues for the Board to consider, please email firstname.lastname@example.org.
BOARD MEETING REPORTS
- March 2015, Advisory Council and Board meeting
- April 2015 Board meeting
- June 2015 Board meeting
- September 2015 Board meetings
- December 2015 Board meeting
- February 2016 Board meeting
- June 2016 Board meeting
- September 2016 Board meeting
- December 2016 Board meeting
- March 2017 Board meeting
- July 2017 Board meeting
- September 2017 Board meeting
- November 2017 Board meeting
UPCOMING BOARD MEETINGS
- 8 & 9 March 2018 – London
- 19 & 20 June 2018 – Beijing
- 10 & 11 September 2018 – San Francisco
- 28 / 29 November 2018 – conference call
- 7 & 8 March 2019 – London
- 26 & 27 June 2019 - Sydney
RULES, POLICIES AND TERMS OF REFERENCE
These documents, referred to in the Articles, enshrine the procedures and practicalities required to give effect to each Article in more detail. The Board approved the following Rules, Policies and Terms of Reference in June 2015, following signatory consultation:
- Chair’s Terms of Reference
- Code of Ethics
- Directors’ Terms of Reference
- Diversity Policy
- Election Rules
- Human Rights Policy
- Managing Director’s Terms of Reference
- Permanent UN Advisors Terms of Reference
- PRI Grant Policy
- Procurement Policy
- Signatory Accountability Rules
- Signatory General Meeting Rules
- Signatory Rules
A number of committees to facilitate the workings of the Board were established within the new governance structure in April 2015.
Each committee will report annually on its activities in the Signatory General Meeting (SGM) papers and present a summary at the SGM itself. If you have any questions on the roles of the committees or would like to raise an issue with a committee chair, email: email@example.com.
Members: Hirominchi Mizuno, Marcus Madureira, Renosi Mokate, Xander den Uyl (chair)
The committee is responsible for overseeing the values, ethics and good reputation of the PRI, including matters related to the PRI Association Board Code of Ethics.
FINANCE, AUDIT AND RISK
Members: Eva Halvarsson, Peter Webster (chair), Priya Mathur
The committee assures the Board of: the veracity of the financial statements, the efficacy of risk management and the strength and appropriateness of control processes across the PRI. The committee’s responsibility and authority covers the entire PRI Association and any joint ventures that may be entered into.
HUMAN RESOURCES AND REMUNERATION
Members: Eva Halvarsson, Renosi Mokate (chair), Xander den Uyl
The committee ensures that the human resources and remuneration arrangements support the strategic aims of the PRI Association and enable the recruitment, development and retention of staff. They must comply with regulatory and governance requirements, satisfy the expectations of members and meet target employees’ expectations.
Members: Eric Usher, Gavin Power, Hiro Mizuno, Priya Mathur, Sandra Carlisle, Peter Webster, Xander den Uyl (chair)
The committee’s purpose is to guide the preparation of financial system and policy related content for the Board. This would incorporate strategic guidance on the activities to realise the sustainable financial system aspect of PRI’s mission, including for example, the Sustainable Financial System and Sustainable Development Goals programmes.
SIGNATORY AND STAKEHOLDER ENGAGEMENT
Members: Angela Emslie, Marcus Madureira, Priya Mathur (chair), Sandra Carlisle, Tycho Sneyers
The committee guides the Board and Executive on: signatory status and categorisation, active participation of signatories in PRI activities and work streams, effective communication with signatories, outreach to prospective signatories and effective partnerships with key stakeholders.
SKILLS, DIVERSITY AND ELECTIONS
Members: Angela Emslie (chair), Peter Webster, Sandra Carlisle, Tycho Sneyers
The committee guides the Board on the measures to promote the diversity and appropriate skills and expertise for it to carry out its duties effectively. It facilitates the process for the Board to evaluate the Board Chair’s performance and supports the Board in overseeing the election process.
Board meeting and committee attendancE
PRI GOVERNANCE REVIEW (SEP 2013 - APR 2015)
The current PRI governance structure was established on 1 April 2015, following a comprehensive, independent 18-month governance review and extensive signatory consultation, paving the way for a simpler, more transparent and accountable governance structure.
The PRI announced at the 2013 Signatory General Meeting (SGM) in Cape Town that it would carry out a formal review of its governance structure and processes.
The draft scope for consultation was released to signatories for comment by the end of February 2014.
The PRI outlined the proposed changes at the 2014 SGM in Montreal.
97.6% of asset owner and 96% of non-asset owner voters approved the revised Articles.
Consultation on Rules, Policies, Terms
The PRI sought signatory feedback on the Rules, Policies and Terms of Reference that enshrine the procedures and practicalities required to give effect to each Article.
Following the consultation, the Board approved the Rules, Policies and Terms of Reference (listed above) in June 2015.