//Our governance
Our governance2020-11-14T15:44:49+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>JP, BA (Hons), FCA</em>
JANE HANSON
JP, BA (Hons), FCA
Chairman
renumeration_icon

Jane joined the Board in 2011 and served as Chairman of the Audit and Risk Committee prior to being appointed as Board Chairman on 18 August 2014. A Fellow of the Institute of Chartered Accountants with over 25 years’ experience in financial services. Jane is also a Non-Executive Director and Chairman of the Board Risk Committee at Direct Line Insurance Group plc and a Non-Executive Director of William Hill plc. Jane 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>MBA</em>
ADRIAN SMITH
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. Adrian is also a member of the Dormant Assets Advisory Board and a Non-Executive Director of Lunds Limited.

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.

JAMES HARDIE<br />
<em>MA (Hons), MBA</em>
JAMES HARDIE
MA (Hons), MBA
Non-Executive Director
audit_icon

James joined the Board in July 2015 as an independent Non-Executive Director and is Chairman of the Investment Committee. James is Director of Investment Management and Treasury at Direct Line Insurance Group plc.

DOMINIC KENDAL-WARD<br />
<em>BA (Hons)</em>
DOMINIC KENDAL-WARD
BA (Hons)
Non-Executive Director
Dominic joined the Board in 2019 as a Non-Executive Director nominated by Angel Square Investments Limited (as a subsidiary of Co-operative Group Limited). Dominic is General Counsel for Co-operative Insurance and Funeralcare and Deputy Board Secretary for the Co-operative Group. Dominic previously worked in the corporate team at law firm Linklaters before joining the Co-operative Group in 2017.
GLYN SMITH<br />
<em>MA, FCA</em>
GLYN SMITH
MA, FCA
Non-Executive Director
renumeration_iconnomination_icon

Glyn joined the Board in February 2015 and was appointed Senior Independent Director in 2020. 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 Chairman of the Audit Committee of The Co-operative Bank plc and Chairman 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 and Stroud & Swindon Building Society.

MARK SUMMERFIELD<br />
<em>BA (Hons)</em>
MARK SUMMERFIELD
BA (Hons)
Non-Executive Director
Mark joined the Board in 2015 as a Non-Executive Director nominated by Angel Square Investments Limited (formerly Co-operative Banking Group Ltd). Mark is Chief Executive of CIS General Insurance Ltd and previously carried out executive roles for Sesame, Prudential and Fleming before joining the Co-operative Group in 2004.
JENNY WATSON<br />
<em>CBE, BA, MA</em>
JENNY WATSON
CBE, BA, MA
Non-Executive Director
audit_icon

Jenny joined the Board in 2019. Jenny is Chair of the House of St. Barnabas, a social purpose business in London’s Soho and of GamStop. A previous Chair of the Electoral Commission and Equal Opportunities Commission, she started her early career in the not for profit sector. She is currently a Non-Executive Director on the Boards of both the Financial Reporting Council and the Financial Ombudsman Service.