Boards, committees and executive team

Our management structure is designed to formulate and implement strategic objectives and corporate governance.

The Executive Team is responsible for formulating and implementing strategic objectives and corporate governance.

The Board is responsible for overall strategy and policy making and for making sure we continue to be a significant provider of social housing.

Board and committee members bring a wealth of experience and different skills to the organisation, providing a clear overview which helps to focus management on achieving strategic milestones.

The Committees are:

• Audit & Risk Committee
• Finance Committee
• Remuneration & Nominations Committee
• Development and Investment Committee
• Housing & Communities Committee

Summary of Chair, Chief Executive and Senior Independent Director responsibilites:

Chair

The role of the Chair is essential in the effective running of the Board. The Chair provides overall leadership to the Group, in close cooperation with the Chief Executive, with an aim to maximise the contribution of Board Members, enabling them to fulfil their responsibilities for the overall governance and strategic direction of the Group.

The Chair is responsible for ensuring there is an agreed strategy that determines the Group’s objectives and maintaining relationships with key external stakeholders, including funders and Regulators. The Chair must uphold the highest standards of integrity and probity, and safeguard the reputation of the Group.

Chief Executive

The Chief Executive (CE) reports directly to the Chair and is responsible driving the strategy of the Group, ensuring that the objectives are achieved, and performance reported to the Board. The CE is responsible for setting the tone of the business, ensuring the desired culture is embedded throughout the workforce.

The CE leads the Executive Management Team (EMT) in the day to day running of the business, including implementing the Board’s decisions. The CE leads EMT in ensuring the Group’s policies and procedures are adhered to and that the Group’s risks are monitored and managed within the Board’s approved risk appetite.

Senior Independent Director

The role Senior Independent Director (SID) is to add value to the business of the Group by acting as a sounding board for the Chair and to be available to Board Members in cases of conflict. The SID acts as a conduit for other Board Members to raise concerns which have not been resolved through normal channels regarding the Chair, Chief Executive or other Members.

The SID leads a meeting with other Board Members, without the Chair present, to appraise the Chair’s performance, taking into account the views of the Executive Management Team.