Leadership and governance

A number of sub-committees play crucial roles in overseeing the firm.

Risk and Audit Committee 

• Overseeing the firm’s risk management and external audit processes.

AOB Remuneration Committee 

• Oversees the remuneration allocation process as it applies to partners in the audit practice.

AOB Nominations Committee 

• Responsible for the appointment, induction and succession of INEs on the AOB. 

Independent Non-Executives 

• Independent Non-Executives (INEs) are positioned within the firm’s governance structure as required, as shown in the Terms of Reference. INEs are a key part of the overall governance of the organisation, enhancing its performance in meeting the purpose of the Audit Firm Governance Code (AFGC) where applicable, and ensuring that operations are aligned to the public interest and that the quality of audits is maintained and improved. They are invited to partners’ meetings and meetings with the CEO, and other leadership as appropriate. INE appointments are subject to FCA conduct rules/ approvals as required. Our INEs have the right to report a fundamental disagreement, the procedure for which is set out here Fundamental Disagreement Procedure [ 144 kb ].
   

In 2025, Grant Thornton UK welcomed private equity investment as part of a strategic transformation to strengthen its market position and accelerate growth. As part of this change, the firm’s audit and non-audit businesses were separated into two distinct legal entities: Grant Thornton UK LLP and Grant Thornton UK Advisory and Tax LLP (together referred to as “Grant Thornton UK” or “the firm”). This structure was designed to ensure the independence of the audit practice, and comply with regulatory requirements, while enabling greater flexibility for the advisory and tax practice.

Grant Thornton UK LLP (“GTUK LLP”) retained the audit business, with audit partners continuing to hold the majority of voting rights to safeguard audit quality and independence. The Advisory and Tax practice was transferred to Grant Thornton UK Advisory and Tax LLP (“GTUKAT LLP”), a newly established entity whose members include audit partners, non-attest partners, and the private investor, who holds the majority stake.

The Terms of Reference guide the governance bodies of both firms and, where relevant, outline the governance connectivity between them to ensure alignment and accountability across the firm. The Terms of Reference of the governance bodies can be found below

• Strategic Leadership Team [ 199 kb ]
• Audit Oversight Board [ 629 kb ] 
• Risk and Audit Committee [ 1042 kb ]
• AOB Remuneration Committee [ 624 kb ] 
• AOB Nominations Committee [ 620 kb ] 
• Public Interest Committee [ 804 kb ]