James Brearley & Sons Limited is committed to high standards of governance, conduct, ethics and to developing its governance and management structures within an appropriate framework of internal control.
The Board of Directors is responsible for the effective governance, overall management and long-term success of the company.
FCSI – Chairman/Non-Executive Director
Roger joined James Brearley in 1963, becoming Senior Partner of the former partnership in 1981. When the firm incorporated in 1999, he became the newly formed company’s Chairman, a role he continues to hold today. Roger became a Non-Executive Director in 2004 upon his retirement.
MCSI – Joint CEO/Executive Director
Nigel joined the company in 1985, managing the Kendal office until becoming an Executive Director upon the firm’s incorporation in 1999. Nigel’s current responsibilities extend to cover Governance, Strategy and Client Care.
Joint CEO/Executive Director
David joined the company in 1986, managing the Southport office until becoming an Executive Director upon the firm’s incorporation in 1999. David’s current responsibilities extend to cover the day to day operations of the company, along with Compliance and Client Asset oversight.
Chartered FCSI – Executive Director
Richard joined the company in 1998, progressing to the role of Blackpool office manager before becoming an Associate Director in 2014. He became an Executive Director in November 2017, taking responsibility for Investment Management, Market Conduct & Dealing, Complaints and Manager of our Account Executives.
FCCA MCSI – Executive Director
Simon, a Chartered Certified Accountant, joined the company in 2004 as Operations Manager, becoming an Associate Director in 2014. He became an Executive Director in November 2017, taking responsibility for Head Office Operations, IT and all Finance matters.
Operation of the Board
The Board of James Brearley & Sons Limited meets every month and considers monthly reports from senior managers from all operational areas of the business. There are also a number of high-level reports that the Board considers at six-monthly intervals relating to matters such as Strategy and Management & Controls. Furthermore, there is schedule of matters specifically reserved for the Board’s attention and decision making.
Risk Management & Internal Control
The Board of James Brearley & Sons Limited is responsible for the company’s framework of internal control and for reviewing its effectiveness.
The company has a Risk Tolerance Statement that sets out the business’s attitude and approach towards the risks that it faces.
The business has identified 56 significant risks, grouped under different categories. Each risk is monitored and assessed by the manager responsible for the operational/business area to which it relates and, in each case, includes, amongst other things a series of risk control measures together with a risk rating that is based upon the likelihood of the risk occurring and its impact if it did.
To reflect the actual decision-making that is undertaken by the business, the Board had established what it considers to be an appropriate framework of Advisory Groups.
Each Advisory Group has a designated membership established by the individual who has delegated responsibility for a particular area of the business, a Terms of Reference, designated meeting times and that individual reports every six months to the Board of Directors.
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