Our governance

Information on the HM Treasury board and its sub-committees.


The role of the board

The purpose of the HM Treasury board is to advise and support the department鈥檚 ministers, and operationally turn policy into reality.

The board:

  • monitors and improves the Treasury鈥檚 performance; makes sure opportunities and risks are recognised in both the short and long term
  • ensures Treasury staff and resources are correctly allocated
  • protects and enhances the Treasury鈥檚 reputation as a world-class finance ministry

Membership

The Executive Management Board (EMB) members (correct as of 31 March 2021):

  • Permanent Secretary 鈥� James Bowler
  • Second Permanent Secretary 鈥撀�Beth Russell, Cat Little and Sam Beckett
  • Director General Financial Services 鈥撀�Gwyneth Nurse
  • Director General International and EU 鈥撀�Lindsey Whyte
  • Director General Tax and Welfare 鈥撀燚an York-Smith
  • Director General Public Spending 鈥撀燙onrad Smewing
  • Director General Productivity and Growth 鈥� Jessica Glover
  • Finance Director -
  • Operations Director 鈥� Tamara Bruck
  • Director Strategy, Planning and Budget 鈥� William MacFarlane
  • Director Treasury Legal advisers 鈥� Peter King

Sub-committees to the Executive Management Board

The 2 sub-committees of EMB are the Operating Committee and the People Committee

Operating Committee (OpCo)

The Operating Committee (OpCo) takes operational decisions on the department鈥檚 financial, administrative and risk management issues and to provide greater oversight of operational issues materially affecting the level of risk arising in the broader Treasury Group. It also acts in an advisory capacity in relation to finance and management information, including headcount. The purpose of the Committee is to ensure that the Treasury has in place and operates effectively, appropriate, and robust procedures and business processes in support of the department鈥檚 overall strategy and business needs.

People Committee (PC)

The People Committee (PC) supports and challenge the department鈥檚 performance on people issues and ensure delivery of the People Strategy which incorporates the Diversity, Inclusion and Belonging Action Plan (DIBAP).

Audit and Risk Committee

The Audit and Risk Committee provides advice to the Treasury Board, the Permanent Secretary and the Treasury鈥檚 Additional Accounting Officers to discharge effectively their duties and responsibilities relating to managing risk, internal control and governance and considers the integrity of the financial statements in relation to the Treasury Group; Exchange Equalisation Account; National Loans Fund; Consolidated Fund; Contingencies Fund; and the Whole of Government Accounts (WGA).

Audit and Risk Committee (ARC) members:

Members of ARC are appointed by the Permanent Secretary. The membership of the committee as of December 2023 is:

  • Edward Braham
  • Jane Hanson CBE

Staff pay data

The Treasury is committed to being an open and transparent government organisation. You can access information on staff pay data online on the .

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