Governance structure

As a private company limited by guarantee, we have 40 Members of the Association, that collectively undertake a governance role similar to the governance role exercised by shareholders.

The Board of Directors is comprised of an appropriate mix of skills and experience to be both effective and entrepreneurial, whilst furthering the Association's purpose of enabling our customers to access the best possible healthcare. The Directors, a majority of which are Non-Executive, engage with all stakeholders and are cognisant of their duty to promote the long-term success of the company.

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Chairman: John Pugh FCA

The Audit Committee monitors and reviews the integrity of the financial statements, the internal control system including the internal audit function (which is outsourced to PwC) and the external auditor. The Committee also provides advice on the Annual Report and Accounts and the Solvency and Financial Condition Report.

Statement of Principles

Chairman: Rob Lee MA FIA

The Risk Committee acts as a steward of the Risk Management Framework and provides objective oversight of the risk management process with regard to risk identification, assessment, appetite, strategy and management. The Risk Committee advises the Board on the appropriateness of the Own Risk Solvency Assessment (ORSA), the Risk Appetite Statements and the Regular Supervisory Report and promotes a risk awareness culture throughout the WPA Group.

Statement of Principles

Chairman: Peter Venables FCA

The Investment Oversight Committee operates under a specific mandate from the Board with clear guidelines based on the objectives of the Group. The overriding aim of the investment strategy is to comfortably maintain the Group's capital to meet regulatory requirements and to preserve the real value of the portfolio.

Chairman: Craig Gentle BA ACA

The Remuneration Committee has delegated responsibility for determining the Remuneration Policy for the Executive Directors, the Chair of the Board, Executive Team and subsidiaries within the WPA Group. Workforce remuneration is also reviewed by the Committee together with alignment of incentives and rewards with culture.

Statement of Principles

Chairman: Nathan Irwin FCA

The Leadership Team is comprised of the Executive Directors and Executive Team (Executive Officers and Senior Management) who work together to focus on the day to day running of the business, its strategic aims and visions.

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Chairman: Andy Chapman ACII

The Nomination and Governance Committee is responsible for leading the process for appointments to the Board, Board Advisory Committees, Senior Management positions and subsidiaries within the WPA Group. The Committee also makes recommendations to the Board on the appointment and composition of Members and considers succession planning and the Board Diversity and Inclusion Policy.

Statement of Principles

Chairman: Jasper Gill FRCS MBA

The Medical Advisory and Clinical Governance Committee provides advice to the Board and Senior Management on any medical matters related to private medical insurance including: developments in medicine and medical treatments; appropriate levels of benefit and related professional fees; specialists' recognition and clinical governance in private practice and advice on rules applied to medical matters in the WPA Group's insurance and administration contracts.

Chairman: Jasper Gill FRCS MBA

The Personnel Committee is responsible for reviewing and monitoring the development and maintenance of effective human resource strategies, ensuring practices are compliant with current employment legislation and safeguarding training in both business specific skills and personal development. The Committee has oversight of the Gender Pay Report and the Modern Slavery Statement.