To ensure that the Board discharges its responsibilities effectively and appropriately, the OGA has established a number of committees to deal with specific matters.
Audit and Risk Committee
The Audit and Risk Committee was formed in December 2015 and is chaired by Mary Hardy. The primary purpose of the OGA Audit and Risk Committee is to support the Accounting Officer and the Board in providing oversight of the financial reporting process, the audit process, the system of internal controls, identification and management of significant risks and compliance with laws and regulations.
The Nominations Committee was formed when the full Board first met, in April 2015, when draft terms of reference were agreed. The Committee has not yet met formally. It will meet when the OGA has been vested as a government-owned limited company.
The Remuneration Committee was formed in December 2015 and is chaired by Sir Patrick Brown, the Board Chairman.
Annual Report and Accounts 2015–16Download PDF | 2679KB