Last checked at 9 Dec 2022 14:52
9 December 2022
JTC PLC
(the "Company" and together with its subsidiaries "JTC" or the "Group")
Formation of Governance and Risk Committee
In accordance with Listing Rule 9.6.11, JTC is pleased to announce a number of enhancements to the structure and composition of its Board Committees, including the formation of a stand-alone Governance and Risk Committee.
The newly-formed Governance and Risk Committee will be responsible for assisting the Board in its oversight of risk, including the ongoing monitoring, management and mitigation of principal and emerging risks, and advising the Board on the Group's overall risk appetite, tolerance and strategy. The Governance and Risk Committee, which will meet at least four times a year, comprises Kate Beauchamp, who has been appointed Chair of the Committee, Dermot Mathias, Michael Gray and Erika Schraner, all existing Independent Non-Executive Directors of the Company.
As a result of the formation of the new Governance and Risk Committee, the existing Audit & Risk Committee has been renamed the "Audit Committee" and the Terms of Reference, including the scope of responsibilities of the Audit Committee, amended appropriately.
These changes are intended to both enhance certain aspects of the Group's corporate governance arrangements and ensure the skillsets and experience of the Company's Non-Executive Directors are best utilised across its various Board Committees.
There have been no other changes to the information set out in LR 9.6.13R (2) to LR 9.6.13R (6).
Board Committees
Following these changes the membership of the Board Committees will be as set out below:
· Audit Committee: Dermot Mathias (Chair), Michael Gray, Erika Schraner, Kate Beauchamp
· Governance and Risk Committee: Kate Beauchamp (Chair), Dermot Mathias, Michael Gray, Erika Schraner
· Nomination Committee: Erika Schraner (Chair), Mike Liston, Dermot Mathias, Michael Gray, Kate Beauchamp, Wendy Holley
· Remuneration Committee: Michael Gray (Chair), Mike Liston, Dermot Mathias, Erika Schraner, Kate Beauchamp
The new and revised terms of reference of the Committees will shortly be available to view and download from the Company's website: www.jtcgroup.com/investor-relations
For further information please contact:
Miranda Lansdowne
JTC (Jersey) Limited
Company Secretary
+44 1534 700 000
Miranda.Lansdowne@jtcgroup.com
About JTC
JTC is a publicly listed, global professional services business with deep expertise in fund, corporate and private client services. Every JTC person is an owner of the business and this fundamental part of our culture aligns us with the best interests of all our stakeholders. Our purpose is to maximize potential and our success is built on service excellence, long-term relationships and technology capabilities that drive efficiency and add value.
www.jtcgroup.com