How the
Board Works
The Board normally meets six times per year,
including an annual strategy day which helps
trustees and the Executive Team to focus in more
depth on the charity's long-term strategic direction.
The trustees have adopted a hybrid way of working,
with most Board meetings held in person and most
committee meetings held virtually. Decisions and
actions may also be agreed by email between
meetings where appropriate.
A framework of delegation is in place to set out
matters delegated to committees of the Board or to
the Executive Team or other staff. This is regularly
reviewed and updated as necessary. Conflicts of
interest are considered annually and against the
agenda of each meeting.
Board
Committees
Board of Trustees:
• Finance, Audit & Risk Committee
• Charitable Expenditure Committee
• Fundraising, Marketing and
Communications Committee
• Nominations Committee
• People Committee
The Board has delegated specific responsibilities to
its committees, each of which has detailed terms
of reference and reports to the Board. The remit of
the committees is reviewed regularly to ensure they
continue to work well.
Finance, Audit and Risk Committee: Monitors
the financial performance of Macmillan and the
performance of our investments and investment
strategies, financial reporting, planning and
budgeting processes, compliance, corporate risk,
and internal and external audit arrangements.
Charitable Expenditure Committee: Reviews
charitable expenditure and activities against
strategic corporate priorities agreed by the Board.
Fundraising, Marketing & Communications
Committee: Oversees Macmillan's fundraising,
marketing and communications strategies and
ensures that we follow high standards of
fundraising practice.
Nominations Committee: Considers the
membership of the Board and recommends
potential new trustees for election. This committee
also keeps under review succession planning
in respect of Honorary Officers and the Chief
Executive and oversees Board effectiveness reviews
and action plans resulting from such reviews.
People Committee: Determines and recommends
to the Board the overall policy for the remuneration
of Macmillan's employees and provides an oversight
on people issues and related policies.
Number of meetings held in 2023:
Board of Trustees 6
Charitable Expenditure Committee 4
Finance, Audit and Risk Committee 5
Fundraising, Marketing
and Communications Committee 4
People Committee 4
Nominations Committee 2
87
Environmental, social
and governance review
Financial review
Strategic report
Overview Financial statements Thank you