Committees
The Executive Board is supported by committees that comprise director members from the PRS, Executive and MCPS Boards. The committees meet throughout the year and operate according to terms of reference and mandates that have been approved by the Executive Board.
Licensing Committee
The Licensing Committee reviews and directs overall licensing strategy and policy.
The work of the Committee is informed by the Audit Services Advisory Group (ASAG), Commercial Advisory Group (CAG) and Production Music Advisory Group (PMAG).
Distribution Committee
The Distribution Committee approves changes to agreed or existing distribution policy principles and the introduction of any new distribution policy precedents in relation to PRS, MCPS or joint revenue streams.
Audit Committee
The Audit Committee is charged with overseeing matters including the company’s finances and financial controls, the integrity of financial statements, internal and external audit processes and findings, accounting policies and judgements, and management’s processes for identifying and controlling risks.
Nomination and Remuneration Committee
The Nomination and Remuneration Committee oversees all aspects of Chief Executive and Senior Management appointments.
Conflicts Committee
Provides guidance and recommendations in relation to specific conflict situations and advice on the application of PRS for Music’s Conflicts of Interest Policy.