From our Members to our Board, discover more about how North is structured.
North Group's Corporate Governance and Compliance Structure.
At the top of our corporate governance structure is our mutual membership. Each year we hold an Annual General Meeting to keep them informed about the Club.
This includes delivery of our annual report and accounts, as well as other matters, such as the appointment and remuneration of Directors and Auditors.
Further General Meetings are also held, when necessary, to obtain Members’ approval in accordance with our constitutional documents and Company law.
Providing a forum for our Members, The Members Board plays an enhanced role in the governance of North.
It has separate committees to consider matters relating to Protecting and Indemnity and Freight, Demurrage and Defence, as well as an Elections Committee for appointments to the Members Board.
Meetings of The Members Board are held three times each year, at which they receive reports and consult with the Directors on a wide range of topics.
The Board also has powers to determine discretionary matters that arise in relation to Members claims under our Rules.
Terms of reference for the Members Board and its Committees are available here.
Details of the current Members Board representatives are available here.
Board of Directors
Collectively responsible for the long-term success of North, the Board of Directors sets our strategic aims and makes sure our obligations to Members and others are understood and met.
The Directors make sure we comply with all applicable legal and regulatory requirements, and that our risk profile is adequately and effectively managed.
Our three general Director categories are:
- Member Directors – appointed on a non-executive basis to represent the Club’s shipowner Members.
- Executive Directors – appointed to represent the executive management of the Club.
- Independent Directors – appointed to provide additional specialist non executive expertise in relation to key governance functions.
The Directors terms of reference are available here.
Details of the current Directors are available here.
Articles of Association 2019
The Articles of Association is the primary source of information on internal governance procedures.Read more
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