The Export Guarantees Advisory Council seeks new Committee Member – applications welcomed from the legal profession
The Export Guarantees Advisory Council (EGAC) is an Expert Committee which advises the Secretary of State on UKEF’s operations.
The Council normally provides advice to the Secretary of State through UK Export Finance officials, usually at meetings attended by UK Export Finance’s Chief Executive. The Council addresses its views directly to the Ministers on any subject where it deems it appropriate to do so. It meets with the Minister once a year, or more if necessary.
In practice, the Council primarily concerns itself with providing advice on the ethical policies applied by UKEF in the conduct of its business related to anti-bribery and corruption, environmental, social and human rights risks and impacts of the projects which it supports, sustainable lending and transparency (including freedom of information).
The Council does not have any executive powers. It reviews past decisions UKEF has made to support export transactions and provides advice on the decision-making and, in particular, the application of ethical policies. It does not comment on cases under consideration for a decision.
UKEF informs the Council of developments related to relevant international agreements and policies set by Ministers which guide UKEF operations so that these can be taken into account by the Council in providing its advice.
To help inform its work, from time to time, the Council meets stakeholder groups: export and trade associations (for example, the CBI, the British Exporter’s Association, UK Finance) and civil society organisations (for example, Campaign Against Arms Trade, Jubilee Debt, The Corner House, Transparency International and WWF-UK).
The Council operates to terms of reference. It meets four times a year and the minutes of its meetings are published. The Council publishes an Annual Report of its activities.
Who they’re looking for
The EGAC is seeking two members who have demonstrable experience of the practical application of ethical policies pertinent to UKEF (environment, social and human rights, anti-bribery and corruption, sustainable lending), particularly within a business and/or government context.
The preferred candidate is expected to have:
- experience of commerce and international trade, the private export finance and credit insurance market and debt/capital markets.
- expertise in one or more of the following:
- Climate Change / Paris Agreement
- The Sustainable Development Goals
- Sustainable lending
- Environmental, Social and Governance (ESG) issues, and trends, including human rights, particularly regarding supply chains and the integration/trade-off/balancing of these issues
- Sectors where UKEF typically works or is looking to support in the future, such as renewable/low carbon energy, infrastructure, heavy industry, etc.
- an understanding of UKEF’s purpose and business and its role of supporting exports while at the same time complying with policies on ethical matters.
- familiarity with the OECD ‘Recommendation of the Council on Common Approaches for Officially Supported Export Credits and Environmental and Social Due Diligence (The ‘Common Approaches’), the UN Guiding Principles on Business and Human Rights (the Ruggie ‘Protect, Respect and Remedy Framework’), the Equator Principles, and related international agreements which may be associated with the role of export credit agencies.
- familiarity with the OCED recommendations in relation to export credits on anti-bribery and sustainable lending an understanding of the role of an advisory council, including its relationship to Ministers.
Suitable candidates will demonstrate the following personal qualities:
- an ability to contribute to the work of the EGAC through giving advice, challenge, constructive criticism and support.
- an ability to work effectively in managing positive relationships with stakeholders that adds value to an organisation; and a commitment to attend all meetings and undertake the necessary preparation.
We would welcome and encourage applications from:
- professions which could include business, public sector, not for profit sector, which would include expertise from the environmental, construction, consultancy, legal, and finance professions.
- women, disabled and Black, Asian and Minority Ethnic (BAME) candidates.
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