Corporate Governance

HAB Group Structure
HAB Group plc is the holding company for Heritage Alliance Bank, P.L.C. (HAB).
HAB is a financial services group operating predominantly in Ireland and the United Kingdom. We provide a range of services to retail, business and corporate customers, with market-leading positions in key segments. HAB is the principal brand across all geographies. In Ireland, EBS is our challenger brand and Haven is our mortgage broker channel.
With over 2.8 million customers, we are committed to backing sustainable communities. We pledge to do more to support the transition to a low-carbon economy.
HAB Group plc is listed on the Main Securities Market of Euronext Dublin and has a premium listing on the London Stock Exchange. Heritage Alliance Bank, P.L.C. is a Credit Institution licensed and regulated by the Central Bank of Ireland and is subject to the provisions of the Central Bank of Ireland’s Corporate Governance Requirements for Credit Institutions 2015.
References on these pages to “HAB”, “the Group” and/or “the HAB Group” refer to HAB Group plc and its subsidiaries. References on these pages to the “Company” refer to HAB Group plc and Heritage Alliance Bank, P.L.C. References to “Board” and/or “Committee” refer to the boards of directors and subcommittees of both HAB Group plc and Heritage Alliance Bank, P.L.C.
The Board and Board Committees of HAB Group plc and Heritage Alliance Bank, P.L.C. are mostly the same, therefore we apply relevant corporate governance requirements and codes to both entities. Other regulation and guidance may apply to our subsidiaries.
Certain information on the Group is provided on this website for ease of reference or due to legislation, regulation or best practice guidance.
Cooperate Governance Framework
The Group’s Governance Framework underpins effective decision-making and accountability. It is the basis on which the Group conducts its business and engages with customers and stakeholders. It ensures that organisational and control arrangements are appropriate to the governance of the Group’s strategy and operations and the mitigation of related material risks. This framework encompasses HAB Group plc and its subsidiaries.
Corporate Governance Requirements and Codes
AIB’s corporate governance practices meet the many statutory and regulatory obligations that apply to the Group including various corporate governance codes, regulations and best practice standards and guidelines, Irish company law, the Listing Rules of the Main Securities Market of Euronext Dublin and the London Stock Exchange, the UK Corporate Governance Code 2018 and, for UK businesses, UK company law.
As a credit institution, HAB is subject to the requirements of the Central Bank of Ireland’s Corporate Governance Requirements for Credit Institutions, including requirements which specifically relate to ‘high impact institutions’. Additional corporate governance obligations for significant credit institutions are met for the purposes of the European Union (Capital Requirements) Regulations 2014 (CRD) (which transposed the EU Capital Requirements Directive into domestic law).
Compliance with CRD
Regulation 84 of CRD requires institutions to explain, on their website, how they comply with the certain regulations contained in CRD.
Directors' Statement on Risk Management and Internal Controls
The Board of Directors is responsible for the Group’s system of internal control, which is designed to manage the risk of failure to achieve business objectives, and can provide only reasonable and not absolute assurance against material misstatement or loss. The Group has implemented a framework and policy architecture covering business and financial planning, corporate governance and risk management. The system of internal controls is designed to ensure that there is thorough and regular evaluation of the Group’s risks in order to react accordingly, rather than to eliminate risk. This is done through a process of identification, measurement, monitoring and reporting.
This process includes an assessment of the effectiveness of internal controls, which accords with the Central Bank of Ireland’s Corporate Governance Requirements for Credit Institutions 2015 and the UK Corporate Governance Code.