Strategic report Governance Financial statements Other information RISK COMMITTEE REPORT CONTINUED Remuneration and risk Risk Committee priorities for 2021/22 The Committee also has responsibility for advising the Looking ahead to the next financial year, it is anticipated Remuneration Committee on risk considerations to be applied that the Committee will focus in particular on: to performance objectives incorporated into executive Continuing the strengthening of the Group’s risk remuneration. During the period under review, the Committee • reviewed the GCRO’s paper to the Remuneration Committee management activities; relating to risk adjustments to senior management reward based • Continuing to monitor and improve the resilience of on accountability for risk events that impacted, or nearly impacted, the Group’s operations; the Group, compliance issues and audit findings. Reviewing and challenging proposed updates to the Group’s • Risk Committee evaluation 2021 ICAAP and recommending to the Board for approval; and During the period under review, the Committee has overseen the Overseeing the Group’s response to the Investment Firm implementation of recommendations relating to its effectiveness • from both the externally facilitated 2018 evaluation and internally Prudential Review, including the Group‘s preparedness for led 2019 and 2020 evaluation of its performance. This has included implementation by January 2022. adding a review of risk maturity to the Committee’s rolling agenda and reviewing the provision of external advice to the Committee. Andrea Blance Chair of the Risk Committee 8 August 2021 125 Hargreaves Lansdown Report and Financial Statements 2021