Corporate governance
Board responsibilities
The Board of Directors of Record plc plays a pivotal role in ensuring the long-term success and sustainability of our operations. With a strong focus on strategy and forward thinking, the Board diligently oversees the management and operations, providing invaluable leadership and guidance. By engaging with stakeholders and fostering meaningful relationships, the Board fulfils its responsibilities of ensuring transparency, accountability and ethical practices. With a steadfast commitment to our mission, the Board drives our organisation forward, embracing innovation, and delivering value to all our stakeholders.
Group governance structure
Board Committees
Audit Committee
The role of the Audit Committee is to encourage and safeguard a high standard of integrity in financial reporting, whilst having regard to laws and regulations applicable to the Group and the provisions of the UK Corporate Governance Code (the “Code”). Our approach to the new requirements for reporting and assurance of material controls in the revised Code, which will apply from 2026, will be refined by the Committee over the year ahead.
The Committee oversees both Record plc and the Group’s subsidiaries, including our FCA-regulated entity Record Currency Management Limited (“RCML”) and our BaFin-regulated entity Record Asset Management GmbH (“RAM”).
Nomination Committee
The Nomination Committee is responsible for ensuring that the Board and senior management possess the appropriate skills and expertise necessary to facilitate the Company’s growth, sustain competition in its markets, and manage risks effectively and efficiently.
The Committee serves both Record plc and all the Group’s entities.
Remuneration Committee
The role of the Remuneration Committee is to review and approve the remuneration strategies of the Group, encompassing the Chairman, the Executive Directors, and staff as a whole. The Remuneration Committee also reviews and advises on the remuneration policy, ensuring that it complies with regulatory requirements, promotes good conduct consistent with sound and effective risk management, and is properly disclosed to stakeholders.
Sustainability Committee
The Record plc Board delegates accountability for the Group sustainability strategy to the Sustainability Committee, which is comprised of key senior leaders who take responsibility for setting the sustainability strategy and proactively integrating sustainable practice across the business.
Board roles
Chairman
The Chairman is responsible for the leadership of the Board. He is also responsible for overseeing the activities of the Chief Executive Officer and providing advice, guidance and support to the executive team. He works with the Board to develop Group strategy and support its implementation. The Chairman is a principal ambassador of Record and a guardian of the Group’s ethos and values.
Chief Executive Officer
The Chief Executive Officer is responsible for the executive management of the Group, focusing on profitable business growth while acting in the interests of all stakeholders – clients, shareholders, employees and industry regulators – and upholding the core values of Record.
Chief Financial Officer
The Chief Financial Officer is responsible for the finance function, the financial management and control of the business, and for developing and delivering appropriate internal and external financial reporting.
Chief of Staff
The Chief of Staff is responsible for the Human Resources function, supporting the Board in organisational cultural development, and for developing and delivering appropriate internal and external remuneration and diversity reporting.
Senior Independent Director
The Senior Independent Director’s role is to act as a sounding board for the Chairman, oversee the evaluation of the Chairman’s performance and serve as an intermediary for the other Directors if necessary. She is also available as an additional point of contact for shareholders and other stakeholders should they wish to raise matters with her rather than the Chairman or the Chief Executive Officer.
Non-executive Directors
The Non-executive Directors are responsible for upholding high standards of integrity and probity, providing constructive challenge and overseeing proposals on strategy.
Company Secretary
The Company Secretary acts as a guardian of corporate governance, ensuring legal compliance, ethical practices, and effective decision-making by supporting the Board of Directors and maintaining a proper governance structure. She also serves as an administrative facilitator, managing crucial administrative tasks, maintaining accurate corporate records, and fostering communication and collaboration between the company, its shareholders, and external stakeholders.