Martin Murray
Group Company Secretary
Approach to governance
Old Mutual views good governance as a vital ingredient of operating a successful business, so that we can provide assurance to shareholders, customers and regulators that the Group's businesses are being properly managed and controlled.
During 2010, the Group completed its transition from a highly decentralised federal model of group governance to a more centralised "strategic controller" model steered from our head office, facilitated by the roll-out of our new Group Operating Model.
The new Model establishes clear principles of delegation and escalation that are designed to provide appropriate levels of assurance about the control environment, while retaining flexibility for our businesses to operate efficiently.
For more information about governance at Old Mutual, please view our Annual Report and Accounts 2010.
Board of Directors
Membership
The Old Mutual Board currently has 11 members, two of whom are executive and nine of whom, are non-executive directors. All of the current directors, except for Roger Marshall (who was appointed to the Board on 5 August 2010), Alan Gillespie (who was appointed to the Board on 3 November 2010) and Eva Castillo (who was appointed to the Board on 2 February 2011), served throughout the year ended 31 December 2010. View the Board Committees.
