Governance and management - UK

Management of the business
The management of the firm is primarily the responsibility of the chief executive officer, Michael Cleary, who appoints the National Leadership Board(NLB).

National Leadership Board
The principal role of the National Leadership Board (NLB) is to lead the firm’s strategic priorities enabling the firm to develop and grow in an agile and joined-up way and in doing so meet our goals. The responsibilities of the NLB members are as follows:

Non-executive	Mike Byers
Chief Executive Officer	Michael Cleary
Partners and directors	Steve Edmonds
Markets and customers	David Maxwell
Standards and excellence	John Mew
Operational management	Simon Morris
People and skills	Sacha Romanovitch
Strategic planning	Malcolm Ward

Partnership committee
The partnership committee comprises 14 members elected by the members of the LLP, together with two additional ex-officio members, the national managing partner and one other member of the national leadership board. Elected partnership committee members are appointed for a period of three years and may serve for two further consecutive terms if they are re-elected.

The main role of the partnership committee is to monitor the national managing partner’s stewardship of the firm’s business, including oversight, appointment, removal and remuneration of the national managing partner. It is also responsible for the LLP’s statement of principles, which is the firm’s highest-level statement of objectives, values and philosophy and is binding on the national managing partner. The statement of principles is approved by the members.

Remuneration committee
The remuneration committee, which is a sub-committee of the partnership committee, is responsible for setting the remuneration framework applicable to the national managing partner, dependent upon the achievement of predetermined objectives.

Risk assurance committee
The risk assurance committee, which is a sub-committee of the partnership committee, comprises five elected members of the partnership committee, including its chairman. The committee’s principal responsibility is to monitor the implementation and effectiveness of the firm’s risk management policies and strategy across all areas of the business and specifically to:

• monitor and review the effectiveness of the firm’s internal audit function
• monitor the firm’s relationship with external auditors, including overseeing the appointment process, agreement of fees and assessment of independence review the annual financial statements before submission to the partners, and in particular critical accounting policies and practices and decisions requiring a major element of judgment.

The risk assurance committee meet four times in the year. The business risk management partner, head of internal audit, director of finance and representatives from the national leadership board, including the chief executive officer and the partner with responsibility for standards and excellence, normally attend each meeting. In addition, the external auditors attend three meetings to discuss the audit of the accounts and related matters.


Grant Thornton UK LLP is a member firm within Grant Thornton International Ltd