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Our Leadership and Governance

Our Leadership and Governance

Living up to our core values and realising our vision.

Living up to our core values and realising our vision.

Our Leadership and Governance

KPMG UK is led by the Senior Partner, Bill Michael, who leads the Board, the main governance body of KPMG LLP which provides leadership to the organisation.

UK Board Members

Bill Michael - Chairman & Senior Partner

Melanie Richards - Deputy Chair

Philip Davidson - Managing Partner

David Matthews - Head of Quality and Risk

Sarah Willows - Chief Financial Officer

Paul Korolkiewicz - Senior Non-Executive member

James Stewart – Non-Executive member

Tony Cates - Non-Executive member

Bernard Brown - Non-Executive member

Jane McCormick - Non-Executive member

Maggie Brereton - Non-Executive member

Christine Hewson - Non-Executive member

Mark Raddan - Non-Executive member

Sue Bonney - Non-Executive member

Ronnie McCombe - Non-Executive member

 

Board attendees:

Sikander Sattar – EMA Chair (non-voting)

Mark Goodburn – Global Head of Advisory (non-voting)

The Executive Committee

The Executive Committee is responsible for the day-to-day management of the activities of KPMG UK and comprises:

Philip Davidson - Managing Partner (Committee Chair)

Jeremy Barton – General Counsel

Michelle Hinchliffe - Head of Audit

Jonathan Holt - Head of Financial Services

David Matthews - Head of Quality and Risk Management

Iain Moffatt - Head of National Markets

Anna Purchas - Head of People

Michelle Quest - Head of Tax, Pensions and Legal Services

Sanjay Thakkar - Head of Deal Advisory

David Rowlands - Head of Consulting

Dan Thomas - Head of Corporates

Sarah Willows - Chief Financial Officer and Head of Operations

Scott Parker - Head of International

Lisa Heneghan – Head of Solutions and Digital

 

Full terms of reference of the Executive Committee (PDF 383 KB)

UK Public Interest Committee – Independent non-executives

This Committee is responsible for overseeing the public interest aspects of the decision making for KPMG LLP (UK) and its related entities – taking into account the legitimate interests of clients and government, among others.

Full terms of reference for the UK Public Interest Committee (PDF 92 KB).

The members of the Public Interest Committee are:

More information about the members of the Public Interest Committee (PDF 84 KB) 

Independent Non-Executives-Procedures (PDF 216 KB)

UK Audit Quality Committee

The purpose of the Audit Quality Committee is:

  • To oversee on behalf of the Board all relevant matters pertaining to Audit Quality – including dialogue with key regulatory bodies, inspection results, and relevant audit brand and regulatory risks.
  • The Committee assists the Board in its responsibility for KPMG’s response to Audit Firm Monitoring Approach (“AFMA”) by the Financial Reporting Council (“FRC”), and specifically for all aspects of the AFMA that relate to Audit Quality including at a minimum meeting FRC targets for results from its annual AQR inspection.
  • The Committee assists the Board in meeting its responsibilities to review, monitor and challenge the Audit Capability Group (“KPMG Audit”) as to how KPMG discharges its obligations to investors, entities subject to audit (audit clients) and other key stakeholders such as the FRC in connection with Audit Quality, and how it monitors Audit Quality Indicators (“AQIs”) and compliance with global KPMG policies.
  • The Committee monitors and oversees controls and processes in place in respect of Audit Quality, including risk management, and specifically in respect of audits that are subject to the FRC’s annual AQR inspection.  The Committee will be empowered to make policy recommendations to the Board on all matters relevant to Audit Quality.
  • The Committee will hold the Audit Leadership Team (“ALT”) accountable for the monitoring and oversight of root cause analysis process and implementation and execution of a comprehensive continuous improvement plan, which is led by the Head of Audit as the individual ultimately responsible and accountable for Audit Quality.
  • The Committee liaises with any Global Audit Quality Committee and Global Audit Quality Monitoring Group, as constituted from time to time, in order to ensure that KPMG Audit is fully aligned and compliant with KPMG International’s requirements as regards ensuring Audit Quality.
  • The Committee also assists the Board by reviewing and making recommendations in respect of aspects of the firm’s reward and recognition arrangements linked to Audit Quality.

The members of the Committee are:

Full terms of reference for the Audit Quality Committee (PDF 56 KB)

UK Audit Committee

The purpose of the Audit Committee is to:

  • assist the Board in its oversight of the integrity of the LLP’s financial reporting, including supporting the Board in meeting its responsibilities regarding financial statements and the financial reporting systems and internal controls;
  • monitor, on behalf of the Board, the effectiveness and objectivity of internal and external auditors;
  • assist the Board in its supervision of the internal audit function’s role to provide risk management assurance as the ‘third line of defence’.

Full terms of reference of the UK Audit Committee (PDF 387 KB)

The members of the Audit Committee are:

UK Nomination & Remuneration Committee

The purpose of the Nomination and Remuneration Committee is to assist the Board in ensuring that the Board and Executive Committee retain an appropriate structure, size and balance of skills to support the strategic objectives and values of the firm. The Committee assists the Board in meeting its responsibilities regarding the determination, implementation and oversight of senior remuneration arrangements to enable the recruitment, motivation and retention of partners generally. The Committee oversees arrangements for senior appointments (including election processes) and succession planning. The Committee also assists the Board by reviewing and making recommendations in respect of the remuneration policies and framework for all staff.

The members of the Committee are:

Full terms of reference for the Nomination and Remuneration Committee (PDF 432 KB)

UK Ethics Committee

The purpose of the Ethics Committee is to assist the Board in the establishment, embedding and oversight of values, the ethical policy framework and ensuring and monitoring the overall ethical health of the firm and compliance with professional and ethical standards.  The Committee is responsible for keeping key relevant risks under review and monitoring mitigation activities and controls.

The members of the Committee are:

Full terms of reference for the UK Ethics Committee (PDF 111 KB)

UK Governance Committee

The purpose of the Governance Committee is to:

  • assist the Board in its ongoing oversight of the quality of governance in the partnership;
  • monitor Board effectiveness and evaluations;
  • recommend to the Board enhancements to the firm’s governance in the interest of the partnership and brand as a whole; and
  • support the Board in maintaining alignment with regulatory and KPMG International’s expectations as regards the LLP’s governance, having regard to requirements of the Audit Firm Governance Code.

The members of the Committee are:

Full terms of reference for the UK Governance Committee (PDF 94 KB)

UK Risk Committee

The purpose of the Risk Committee is to:

  • assist the Board in its oversight of current risk exposures, determination of risk appetite  and risk strategy;
  • assist the Board with the embedding and maintenance of a supportive culture in relation to the management of risk across the LLP, alongside established policies and procedures;
  • assist the Board in its oversight of the LLP’s enterprise wide risk management framework, through receiving assurance reports from Internal Audit as the ‘third line of defence’, monitoring both the effectiveness of functional implementation in the ‘second line of defence’ and the performance in protecting against and mitigating risks in the ‘first line of defence’.

The members of the Committee are:

Full terms of reference for the Risk Committee (PDF 238 KB)

UK Banking Committee

The purpose of the Banking Committee is to assist the Board in dealing with all banking and treasury matters.  It is responsible for general banking and treasury operations of the partnership and its subsidiaries including reviewing and approving proposed transactions or changes in circumstances.

The members of the Committee are:

Full terms of reference for the UK Banking Committee (PDF 95 KB)

Listed Company Dialogue

If you are a shareholder, executive director or member of an audit committee for which we are auditors and wish to discuss any matter with us, please contact David Matthews at david.matthews@kpmg.co.uk.

For full details of those charged with governance, see our Transparency Report.

Information on the latest developments and perspectives on corporate reporting and stewardship for investors is available on our Investor Insights web pages.