OUR GOVERNANCE FRAMEWORK AND KEY COMMITTEES
1 Board and Committees
Decisions including credit and investment approvals made by the Board (subject to agreed delegated authorities to committees and management). AgDevCo has instituted a Remuneration Committee and a Board-approved Remuneration Policy and Procedure.
2 CEO and Executive Committee
Responsible for the management of the business, and includes the sub-committee for Portfolio Management.
3 Country Office Teams
Responsible for investment identification, appraisal, monitoring and evaluation, with support from corporate teams as appropriate.
4 Commercial Agriculture Team and Smallholder Development Unit
As far as possible located in Africa with advisers having a dual reporting responsibility to both the Commercial Agriculture Director and the relevant Country Director. This team also includes the Smallholder Development Unit, and important component of the support we provide to delivering successful smallholder schemes.
Including finance, legal and portfolio functions led from London, working closely with Country offices.
We analyse the risk profile of each investment we undertake as part of the due diligence process, and monitor the development impact and financial performance of each investee on an ongoing basis. All investments are also subject to a quarterly review by the Portfolio Management sub-Committee. Furthermore, the Audit and Risk Committee meets quarterly to review the Risk Register. This Register contains the wider set of risks that AgDevCo faces, and is used to suggest what actions should be taken to mitigate risks, where appropriate. Urgent items are brought to the attention of the Committees in between scheduled meetings.