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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 - Chair & Senior Partner

Melanie Richards - Deputy Chair

Mary O'Connor - Chief Risk Officer

Scott Parker - Head of Clients & Markets

Tim Jones - Chief Operating Officer

Michelle Hinchliffe - Chair of Audit

Paul Korolkiewicz - Senior Elected member

James Stewart – Nominated member

Tony Cates - Nominated member

Jane McCormick - Nominated member

Christine Hewson - Elected member

Mark Raddan - Elected member

Sue Bonney - Elected member

 

Full terms of reference of the Board Charter.

 

The Executive Leadership Team

Our Executive Leadership Team consists of an Executive Board and a Clients and Markets Executive, supported by Operations, Risk and Audit Executive Committees.

Bill Michael - Chair & Senior Partner

Liz Claydon - Head of Deal Advisory 

Scott Parker - Head of Clients & Markets

Tim Jones - Chief Operating Officer

Mary O'Connor - Chief Risk Officer

Anna Purchas - Head of People

Chris Hearld - Head of Regions

Jonathan Holt - Head of Audit

Michelle Quest - Head of Tax, Pensions and Legal Services

Melanie Richards - Deputy Chair and Acting Head of Deal Advisory

David Rowlands - Head of Consulting

Dan Thomas - Head of Corporates

Karim Haji - Head of Financial Services

Sarah Willows - Chief Financial Officer

Lisa Heneghan – Chief Digital Officer

Warren Mead - Head of Strategy & Transformation

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.

The members of the Public Interest Committee are:

More information about the members of the Public Interest Committee.

Full terms of reference of the Public Interest Committee.

 

UK Audit Oversight Committee

The purpose of the Audit Oversight 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 Oversight Committee and Global Audit Quality Monitoring Group, in order to ensure that KPMG Audit is fully aligned and compliant with KPMG International’s requirements for ensuring Audit Quality.
  • The Committee also assists the Board by reviewing and making recommendations in respect to aspects of the firm’s reward and recognition arrangements linked to Audit Quality.

The members of the Committee are:

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;
  • Assess, on behalf of the Board, the effectiveness of the firm's key control frameworks.

The members of the Audit Committee are:

 

UK People Committee

The purpose of the People Committee is to assist the Board through its oversight of the People strategy. This includes being a magnet for talent, supporting the development and retention of that talent, as well as supporting the firm’s culture of championing inclusion and diversity. The Committee on behalf of the Board ensures that policies associated with the People strategy are consistent with the firm’s values and prescribed culture, and support its long term sustainable success.

The members of the Committee are:

People Committee terms of reference.

UK Risk Committee

The purpose of the Risk Committee is to assist the Board in its oversight of the effectiveness of the Enterprise-Wide Risk Management Framework. It performs its role through:

  • Overseeing risk appetite and risk tolerance appropriate to each business area;
  • Considering the risk policy and strategy;
  • Ensuring that there are adequate enterprise-wide processes and systems for identifying and reporting risks deficiencies, including emerging risks;
  • Overseeing compliance with the stated risk appetite and policies and procedures related to risk management governance and the risk controls framework;
  • Monitoring the alignment of the risk framework to the firm’s growth strategy, supporting a culture of risk taking within sound risk governance;
  • Having an overview of the key risk issues identified across the organisation and the wider network.

The members of the Committee are:

Full terms of reference for the Risk Committee.

 

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.