Shawbrook is a specialist UK savings and lending bank founded in 2011 to serve the needs of SMEs and individuals in the UK with a range of lending and saving products. At 31 December 2017 our total lending reached £4.9 billion and we have now raised more than £4.4 billion in customer deposits.
|Announcement of 2018 Full Year Results||04 April 2019|
|Announcement of 2019 Half Year Results||07 August 2019|
The Board is committed to the highest standards of corporate governance and we adhere to all elements of the UK Corporate Governance Code. The Board has responsibility for ensuring that the Group is managed effectively and in the best interests of its shareholders, customers, employees and other stakeholders (including regulators), and its principal banking subsidiary, Shawbrook Bank Limited. Following the change of ownership of the Group, the commitment to retaining Board and Committee independence was formalised by the adoption of a Framework Agreement and Memorandum of Understanding governing the ongoing interactions between the Board, Executive management and the Shareholder. These have formalised governance arrangements to ensure that appropriate challenge and independence remains, so supporting the interests of investors, customers, employees, the regulators and other key stakeholders. The Board operates within a formal schedule of matters reserved which is reviewed regularly, which can be found under ‘Constitutional and other Governance documents’ in the drop down list below. Additionally, the Board delegates specific powers for some matters to Board Committees, with the outputs from each Committee meeting reported to the Board regularly, thus ensuring the Board maintains the necessary oversight. More detail on the Committees and their work is described in the separate Committee sections in the drop down list below.
An externally facilitated Board effectiveness review will be undertaken during 2018 to further ensure the effectiveness of the framework. An effectiveness review carried out in 2016 provided confirmation that the Board has provided effective oversight of the business, and has been highly engaged both in developing robust risk policies and frameworks and in guiding longer term plans and strategies.
The Board currently consists of 9 members, namely the Chairman, five Independent Non-Executive Directors, two Executive Directors and two Institutional Directors.
The Non-Executive Directors have strong and relevant experience across all aspects of banking and specifically have relevant skills in financial management, regulatory, credit assessment and pricing, liability management and conduct matters. To ensure the Board continues to have an appropriate balance of skills, these skill sets are reviewed annually through the completion of a skills matrix which is considered by the Nomination Committee and the Board.
The written terms of reference of the Committees, including their objectives and the authority delegated to them by the Board. All Committees have access to independent expert advice and the services of the Company Secretary. The Chairman of each Committee reports to the Board. The constitution and terms of reference of each Committee are reviewed annually to ensure that the Committees are operating effectively and any changes considered necessary are recommended to the Board for approval.
The attendance of Directors at Board meetings during the year is set out below:
Date appointed or resigned in the year
|Meetings attended/ meetings eligible to attend as a Director|
|Cédric Dubourdieu||Appointed 5 September 2017||4/4|
|Andrew Didham||Appointed 1 February 2017||10/10|
|Stephen Johnson||Resigned 23 January 2018||9/10|
|Dylan Minto||Appointed 6 February 2017||9/9|
Since the year-end Stephen Johnson resigned as an Executive Director on 23 January 2018.
The Board delegates daily management responsibility for the Group to the Executive Committee, which meets three times a month. The Executive Committee is responsible for developing the business and delivering against a strategy approved by the Board and ensuring effective monitoring and control mechanisms. There are also a number of executive sub-committees, as below, which assist the Executive Committee in discharging its responsibilities.
Our five strategic pillars and how we achieve them:
Ensure that the loan book is sustainable over the long term when markets may not be so benign
Please refer to the financial calendar for the dates of future announcements.
Please either write to our registrar or contact us using the following details:
Shawbrook Group plc
Warley Hill Business Park
By Email: firstname.lastname@example.org
‘Shawbrook Group plc (the ‘Group’) delisted from the London Stock Exchange in August 2017 further to the takeover of the Group by Marlin Bidco Limited (‘Marlin Bidco’). On this basis the Group no longer has a registrar. Further to the takeover, all shareholders who had not accepted the offer from Marlin Bidco by the end of August 2018, still have the option to do so. All shares were compulsory bought by Marlin Bidco and residual funds are being held in Trust with Link Asset Services.
If you did not reply to the offer prior to the end of August 2018 and to access the funds, then please contact Link Asset Services by phone, on 0871 664 0300 or email email@example.com
Shawbrook Group plc (the ‘Group’) delisted from the London Stock Exchange in August 2017 further to the takeover of the Group by Marlin Bidco Limited (‘Marlin Bidco’). On this basis the Group no longer has shares which are tradable on an open market.
If you are a shareholder who had not accepted the offer from Marlin Bidco at the end of August 2018, you still have the option to do so.
Please contact Link Asset Services by phone, on 0871 664 0300 or email firstname.lastname@example.org, for more information on how to accept the offer.
Warley Hill Business Park,
15 Canada Square
Royal Bank of Scotland plc
Slaughter and May
One Bunhill Row