UK(Europe), with the exception of its Japanese branch, delegate the day-to-day operation of the Club, including its finance and investment activities, as well as its subsidary UK (Bermuda), to the Thomas Miller group of companies (‘Thomas Miller’) who are responsible for implementing the policies laid down by the Directors of the respective companies.
The Directors of UK(Europe) play a key role in the running of the Club. The mutual nature of the governance structure imposes key responsibilities on the Directors to make important decisions with respect to the Club as well as having proper oversight and control of the Managers.
Thomas Miller is paid a management fee for its services, which is reported in the annual accounts of the Club. The Club’s relationship with Thomas Miller dates back to 1885.