Our Board - Genuit Group plc (formerly Polypipe)

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Our Board
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Risk Committee

Paul James

Chief Financial Officer

Chair of the Risk Committee
Joe Vorih

Chief Executive Officer
Martin Gisbourne

Group Strategy and Marketing Director
Clare Taylor

Chief People Officer
Emma Versluys

Group Legal Counsel and Company Secretary

Paul James

Chief Financial Officer

Chair of the Risk Committee

Before joining Genuit, Paul James served as Group Financial Controller of Dixons Carphone plc, and prior to this role held the position of Group Financial Controller and Treasury Director of Inchcape plc following an international career at British American Tobacco plc, including markets in western Europe and Russia. He is a Fellow of the Institute of Chartered Accountants in England and Wales, has an MBA and a Bachelor of Science in Civil Engineering from Edinburgh University. Paul is Chair of the Risk Committee.

Joe Vorih

Chief Executive Officer

Joe Vorih is our Chief Executive Officer. Joe joined Genuit from Spectris plc, a FTSE 250 company, where he was president of HBK, a standalone division and key platform business within the Group from January 2019, having joined Spectris in 2016. Prior to that, he worked for Clarcor Corporation, a NYSE listed business delivering filtration solutions and Danaher Corporation, also a US listed global business in industrial, test and medical equipment. He has a Bachelor of Science, a Master of Science in Mechanical Engineering from the Massachusetts Institute of Technology and an MBA from Rensselaer Polytechnic Institute.

Martin Gisbourne

Group Strategy and Marketing Director

Martin joined the Group in September 2019 as Group Strategy & Marketing Director. After a functional background in a variety of commercial and marketing roles with brands such as Bosch and Geberit, Martin has over twenty years’ experience of leading businesses in the construction products sector, most recently as part of the Belgian Aliaxis group where he was responsible for businesses in the UK, Middle East, South Africa and Nordic markets. He has a BSc in Financial Management from Loughborough University.

Clare Taylor

Chief People Officer

Clare is our Chief People Officer and has over 30 years’ experience in global HR leadership roles across various manufacturing and distribution industries. Before joining the Group, Clare was Chief People Officer at SIG plc and other key career highlights include Group HR Director at Scapa Group plc, Commercial HR Director at Ideal Standard International and Senior Global HR roles with Smith& Nephew plc and SSL International plc. Clare is a Fellow of the Chartered Institute of Personnel and Development, has a BSc in Psychology and a Master’s degree in Occupational Psychology.

Emma Versluys

Group Legal Counsel and Company Secretary

Emma Versluys is our Group Legal Counsel and Company Secretary and is Secretary to the Board and its three Committees. Before joining the Group, Ms Versluys was Deputy Company Secretary at Provident Financial plc, and has also held company secretarial roles at Serco plc and Alliance UniChem plc. She is an Associate of The Chartered Governance Institute and is also a solicitor.

Risk Committee

The Committee comprises the Chief Financial Officer (Committee Chairman), Chief Executive Officer, Chief Operating Officer, Group Strategy and Marketing Director, Chief People Officer and Group Legal Counsel & Company Secretary.

Key members of the Group Finance team are invited to attend all meetings, and Divisional Managing Directors and Finance Directors, as well as functional heads, are invited to attend and provide an update to the Committee on a rotational basis. Accordingly, there are six members. Under the Committee’s Terms of Reference, it will normally meet not less than twice a year and at such other times as the Chairman shall require.

Role of the Committee

The Committee’s main responsibilities are to ensure adequate and effective risk management systems and controls are in place across the Group on behalf of the Board, in accordance with the UK Corporate Governance Code, as well as ensuring that the Group is acting in accordance with its approved risk appetite.

It advises the Board on its risk appetite, tolerance and strategy and provides recommendations to the Board on the effectiveness of the internal control environment. The Committee’s Terms of Reference explain the Committee’s role and responsibilities and are reviewed yearly to ensure they remain appropriate. The Terms of Reference can be found here, in the Useful Documents section of our Website.

The Assistant Company Secretary acts as Secretary to the Committee. In accordance with its Terms of Reference, the Committee is required to:

monitor and review the effectiveness of the Company’s risk management and internal control systems;
review the Company’s procedures to manage or mitigate principal risks and to identify emerging risks;
assist in the Board’s assessment of principal and emerging risks;
review and assess the Company’s risk appetite and associated stress testing;
evaluate the Company’s principal risks, to be taken into account by the Board when assessing the Company’s prospects;
review and approve the statements to be included in the Annual Report concerning internal controls and risk management;
advise the Board on the Company’s overall risk appetite, tolerance and strategy, and the principal and emerging risks the Company is willing to take in order to achieve its long-term strategic objectives; and
advise the Board on the likelihood and the impact of principal risks materialising, and the management and mitigation of principal risks to reduce the likelihood of their incidence or their impact.

To find out more about the activities of the Risk Committee during the latest financial year, you can read the full Risk Committee Report in the relevant published Annual Report and Accounts.

Risk Committee

Risk Committee

Role of the Committee

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