Corporate Governance

At Scottish Friendly we embrace best practice in corporate governance.

We're committed to complying with our Memorandum and Rules, and strive to adopt the principles of the AFM Corporate Governance Code for Mutual Insurers.

Our committees

At Scottish Friendly we currently have five committees:

Audit

Nomination

Remuneration

Risk

Investment

Each has it’s own terms of references, membership and remit that has been agreed by the Board.

Board Committee Terms of Reference

Our delegate committee

Being a mutual means that we're accountable to our members through our delegate system and committee.

Our delegate system

More about who we are & how we operate

Further details on our corporate governance can be found below:

Our Board
Our Executive members
Board diversity policy
Annual Report & Accounts
Annual General Meetings
Sustainability
AFM Corporate Governance Code for Mutual Insurers
Modern Slavery statement
UK complaints data

Remuneration

Scottish Friendly has a sound remuneration policy which reflects it's objectives for good corporate governance.

Download our Remuneration policy for more information.