Governance
UKAR Ltd has no employees. The Board of UKAR Ltd operates in the context of the Company’s overarching objective to manage any liabilities arising out of HM Treasury’s (HMT) former investment in NRAM Ltd (NRAM), Bradford & Bingley (B&B), Mortgage Express (MX) and their respective subsidiaries.
The Board provides leadership and oversight of PricewaterhouseCoopers LLP (PwC) who are the Outsource Services Provider responsible for the day to day management of the Company.
The Governance arrangements for UKAR Ltd are managed within the obligations and requirements of the UKAR and UKGI: Relationship Framework Document; and the obligations and requirements of the UKAR and HM Treasury: Accountability Framework Document.