At Grant Thornton UK, our governance framework is designed to ensure transparency, accountability and effective oversight across all levels of the organisation.
The firm’s principal leadership and governance bodies are the Board, the Strategic Leadership Team and the Audit Oversight Board.
You can find out more about how these bodies work together and lead and support the firm below.
At the top of our structure is the Board, led by an Independent Chair. This board includes representatives of both our Investor, Cinven, and the Grant Thornton partnership, with the CEO and CCO attending as observers. The primary purpose of the board is to provide oversight of and strategic guidance to the strategic leadership team.
Our strategic leadership team serves as the day-to-day executive management team. It is led by experienced professionals who drive our strategic direction and maintain high standards of quality and integrity and reports directly to the Investor board.
The Audit Oversight Board promotes audit quality and provides support and challenge for the effective management of the Audit practice. The Head of Audit attends the Audit Oversight Board as an observer.
A number of sub-committees play crucial roles in overseeing the firm.
Overseeing the firm’s risk management and external audit processes.
Reviewing our partner reward process, the remuneration of the leadership team, including associated diversity indicators.
Oversees the firm’s procedures for ensuring audit quality and serves to enhance stakeholder confidence in the public interest aspects of the firm’s activities.
Responsible for selection of senior management positions.
Independent Non-Executives (INEs) are positioned within the firm’s governance structure as required, as shown in the Terms of Reference. INEs are a key part of the overall governance of the firm, enhancing its performance in meeting the purpose of the Audit Firm Governance Code (AFGC), and ensuring that the firm’s operations are aligned to its public interest role and that it maintains and improves the quality of its audits. They are invited to partners’ meetings and meetings with the CEO, and other leadership as appropriate. INE appointments are subject to FCA conduct rules/ approvals as required.