External advisory committees
FTSE Russell's external advisory committees help FTSE Russell to ensure that its indices reflect the underlying market and index methodologies (a set of strict rules by which all FTSE Russell indices are governed) evolve appropriately.
The independent committee structure reflects FTSE Russell's dedication and commitment to the highest standards of index governance.
This governance heritage stretches back to 1984, when independent practitioner committees were established to assist with the management of the FTSE 100 Index. While the approach to membership, the role and the dynamics of the committees have since changed, and new benchmarks and indices acquired, advisory committees remain an important component of the FTSE Russell governance framework.
Oversight committees
FTSE Russell is required to establish and maintain a robust oversight function to ensure effective supervision of all material aspects related to the provision of its benchmarks and indices. To meet this obligation, a number of Oversight Committees have been constituted.
The primary role of each Oversight Committee is to provide independent challenge and strategic advice to FTSE Russell on key matters concerning the ongoing governance, development, and operation of its benchmarks and indices. Each committee is composed to ensure balanced representation, including relevant stakeholders and, where applicable, users and contributors.
Market consultations
FTSE Russell regularly consults the market on changes to its index methodologies. The external advisory committees are often involved in the origin and design of FTSE Russell's market consultations.
All consultations are run in line with the Policy for Benchmark Methodology Changes. Details of past and current consultations can be found here Market Consultations.