//Our governance
Our governance2022-07-06T08:01:07+00:00

Our governance

The Company voluntarily follows the spirit of the UK Corporate Governance Code (‘the Code’) as a way of providing assurance to stakeholders around our operations and control framework. Technically the Code only applies to premium listed companies but the Board firmly believes in the benefits of good governance practices.

To ensure the successful delivery of the Company’s strategy, the Board consists of Directors with a wide range of relevant skills, knowledge and experience.

Please click here to read our recent corporate governance report.

RFL Board

Committee membership key

Committee Chairman
audit_iconAudit and Risk Committee
investment_iconInvestment Committee
renumeration_iconRemuneration Committee
nomination_iconNomination Committee
COMPANY SECRETARY: Vistra Company Secretaries Limited
JANE HANSON<br />
<em>CBE, JP, BA (Hons), FCA</em>
JANE HANSON
CBE, JP, BA (Hons), FCA
Chairman
renumeration_icon

Jane joined the Board in 2011 and served as Chair of the Audit and Risk Committee prior to being appointed as Board Chair on 18 August 2014. A Fellow of the Institute of Chartered Accountants with over 30 years’ experience in financial services, Jane’s current roles include Chair of Audit Committee and Non-Executive Director of Welsh Water plc and Audit Committee Chair at the Civil Aviation Authority. Jane has also served as Non-Executive Director and Chair of the Board Risk Committee at Direct Line Insurance Group plc, Old Mutual plc and William Hill plc. She is also the Honorary Treasurer at the Disasters Emergency Committee. Her previous executive roles include Risk and Governance Director at Aviva plc. Jane is also a Magistrate.

ADRIAN SMITH<br />
<em>OBE, MBA</em>
ADRIAN SMITH
OBE, MBA
Chief Executive
investment_icon

Adrian joined the Board in 2010. He was previously a senior leader at Britannia Building Society, Bank of Ireland and Bristol & West Building Society and a former Non-Executive Director of Mutual Plus Ltd. Adrian was responsible for leading the project to establish Reclaim Fund Ltd during 2009/10 and was subsequently appointed as Chief Executive. Awarded an OBE for services to the Financial Sector in 2022, Adrian is currently a member of the Dormant Assets Expansion Board. Adrian is also a Trustee at The Plunkett Foundation.

KATHERINE GARNER<br />
<em>BSc (Hons), FIA</em>
KATHERINE GARNER
BSc (Hons), FIA
Non-Executive Director
audit_iconinvestment_icon

Katherine joined the Board in 2018. A Fellow of the Institute of Actuaries since 1997, she is currently the Chief Executive Officer of Sun Life Financial of Canada in the UK and a member of its Board of Directors. Katherine started her employment with Sun Life Financial of Canada in 2008 and held various positions before taking the role of Chief Executive Officer in 2013. Prior to this Katherine was employed by HSBC, where her roles included, Head of Operations, Head of Life Insurance and also Finance Director of the Dublin life company and Deputy Head of Investments in the UK.

GLYN SMITH<br />
<em>MA, FCA</em>
GLYN SMITH
MA, FCA
Senior Independent Director
renumeration_iconnomination_icon

Glyn joined the Board in February 2015 and was appointed Senior Independent Director in 2020. He is also Chair of the Audit and Risk Committee. A chartered accountant with over 40 years’ experience in financial services, Glyn held a number of senior executive positions at Barclays Bank and was Group Finance Director of Portman Building Society. He is currently also a Non-Executive Director and Chair of the Audit Committee of The Co-operative Bank plc and Chair of the West Bromwich Building Society Pension Trustees. He has held a number of public and private sector Non-Executive Directorships, including Domestic & General Group, Coventry Building Society, Stroud & Swindon Building Society, FCO Services and Covent Garden Market Authority.

HOLGER VIETEN<br />
<em>BSc (HONS), MSc, PHD</em>
HOLGER VIETEN
BSc (HONS), MSc, PHD
Shareholder Non-Executive Director
renumeration_iconnomination_iconaudit_icon

Holger joined the Board in April 2022 as the Shareholder Non-Executive Director. He is Director of the Financial Institutions Group at UK Government Investments. He is also a Non-Executive Director of UK Asset Resolution. Before joining UKGI in 2018, Holger spent over twenty years advising financial institutions at investments banks including Morgan Stanley, Moelis & Co and Credit Suisse.

JENNY WATSON<br />
<em>CBE, BA, MA</em>
JENNY WATSON
CBE, BA, MA
Non-Executive Director
audit_iconnomination_icon

Jenny joined the Board in 2019. She is Chair of the House of St. Barnabas, a social purpose business in London’s Soho, and of GAMSTOP. She is also a Non-Executive Director of the Enforcement Conduct Board and trustee of the Norfolk Community Foundation. Jenny started her early career in the not for profit sector, and has sat on the boards of a number of public bodies, serving as a past Chair of both the Electoral Commission and Equal Opportunities Commission.