Governance Corporate Governance Report
Leadership structure
The Board Chair: Lena Wilson CBE Comprises: 2 Executive Directors and 4 Non-Executive Directors Responsibilities: • Direction and control of the business • Overall long-term success • Sets and implements strategy • Establishes the culture and values of the business • Promotes wider stakeholder relationships
Board Committees
Audit and Risk Chair:
Remuneration Chair: Maria Bentley Comprises: 4 Non-Executive Directors Responsibilities: • Determines remuneration policy • Sets remuneration of Executive Directors • Reviews remuneration of whole workforce • Approves bonus and LTIP awards
Property Valuation Chair: Richard Jones Comprises: 4 Non-Executive Directors Responsibilities: • Oversees the independent valuation process • Recommends the appointment and remuneration of the valuer • Ensures compliance with applicable standards
Nomination Chair: Lena Wilson CBE Comprises: 4 Non-Executive Directors Responsibilities: • Recommends Board appointments • Considers succession planning • Board evaluation • Board composition and diversity
Mark Batten Comprises: 3 Non-Executive Directors Responsibilities: • Oversees financial reporting • Monitors risk management • Reviews system of internal controls • Evaluates external auditor
Management Committees
Executive Committee Chair: Michael Morris Comprises: 2 Executive Directors and 1 senior executive Responsibilities: • Implementation of strategy • Manages operations • Day-to-day management of the business • Employee remuneration and development
Transaction and Finance Chair: Michael Morris Comprises: 2 Executive Directors and senior management Responsibilities: • Reviews and recommends portfolio transactions • Monitors portfolio costs • Reviews compliance with lending covenants
Responsibility Chair: Andrew Dewhirst Comprises: 1 Executive Director and senior management Responsibilities: • Determines sustainability policy and strategy • Monitors compliance with relevant standards and legislation • Oversees Health and Safety Committee • Approves ESG reporting • Employee wellbeing
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