Which role has a responsibility under the Governing Functions?

The non-executive director plays a crucial role under the Governing Functions due to their position in providing oversight and ensuring that the organization adheres to its regulatory responsibilities and governance standards. Non-executive directors are typically involved in strategic decision-making and are tasked with challenging and supporting the executive team while bringing an independent perspective to the board. This role is fundamental in maintaining accountability within the organization, promoting ethical conduct, and safeguarding stakeholder interests.

In the context of UK regulation, non-executive directors are instrumental in overseeing various aspects, including compliance with legal and regulatory requirements, financial performance, and operational integrity. Their insights and expertise contribute significantly to effective governance practices, directly influencing the organization's adherence to the regulatory framework and its commitment to professional integrity.

While actuarial analysts, risk advisers, and client managers contribute significantly to their respective roles, they do not hold the same level of governance responsibility as non-executive directors. These other roles are more involved in specific operational, analytical, or client-related functions rather than overarching governance and compliance oversight.