Board Committees
Committees and their responsibilities
The Board delegates certain responsibilities to the Audit & Risk, Nomination and Remuneration committees. The primary roles and key responsibilities of these committees, and the Sustainability committee, are set out below:
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Audit & Risk Committee
Primary Role
The purpose of the Audit & Risk Committee is to safeguard the interests of all stakeholders by undertaking duties such as: monitoring the integrity of the Group and Parent Company’s financial statements and reviewing significant financial reporting judgements contained within them, reviewing the Group’s internal financial controls and the Group’s internal control and risk management system, reviewing the effectiveness of the Group’s internal audit function and monitoring the external auditor’s independence and objectivity and the effectiveness of the audit process.
Members
- Shirine Khoury-Haq (Committee Chair)
- Simon Litherland
- Joanna Place
- Andrew Wyllie
DocumentsAudit & Risk Committee Terms of Reference
The Audit Committee’s report can be found in our most recent Annual Report
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Nomination Committee
Primary Role
The Nomination Committee leads the process of Board appointments, ensures plans are in place for orderly succession to the Board and senior management positions and oversees the development of a diverse pipeline for succession.
When considering the appointment of new Directors, the Nomination Committee determines the skills and experience which would be of benefit to the composition of the Board, then evaluates candidates’ skills, knowledge and experience to determine which candidate would be most suitable. All nominations by the Committee are made on the basis of merit and overall suitability, taking into consideration the diversity of the Board.
Members
- Roger Devlin (Committee Chairman)
- Nigel Mills
- Joanna Place
- Simon Litherland
- Annemarie Durbin
- Andrew Wyllie
- Shirine Khoury-Haq
DocumentsNomination Committee Terms of Reference
The Nomination Committee’s report can be found in our most recent Annual Report
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Remuneration Committee
Primary Role
The purpose of the Committee is to develop a policy on executive remuneration in consultation with shareholders which supports the Group’s strategy and promotes its long-term sustainable success. The Committee determines the remuneration packages of the Chairman, Executive Directors and the Senior Executive Group, which comprises the Group’s Managing Director, Deputy Managing Director, Chief Commercial Officer, Chief Customer Experience Officer, Group Strategy Director, Group Transformation and Land Strategy Director and the Company Secretary. The Committee also reviews the remuneration and related policies of the wider Group workforce and the alignment of incentives and rewards with the Group’s culture, taking these into account when setting the policy for Executive Director remuneration.
Members
- Annemarie Durbin (Committee Chair)
- Nigel Mills
- Joanna Place
DocumentsRemuneration Committee Terms of Reference
The Remuneration Committee’s report can be found in our most recent Annual Report
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Sustainability Committee
Primary Role
The Group’s Sustainability Committee has developed the Group’s sustainability approach after performing a materiality assessment to identify issues material to the Group’s stakeholders, taking account of the Group’s key focus areas, operational strategy and business model.
The Committee fulfils an important governance role by ensuring the Group’s ‘sustainability approach’, covering key environment and social issues, is embedded into day-to-day operations through monitoring several key work streams. The Committee reports directly to the Board. Each work stream is led by relevant senior operational management and includes the Group Sustainability Manager. For example, the Zero Carbon Home Steering Group, chaired by the Group Technical Director, is assessing the most effective pathway to develop net zero carbon homes at scale and to assist in calculating the Group’s science based target calculations.
The Committee also considers relevant reporting requirements and recognises the importance of consistent and relevant information on sustainability risks. To this end, the Group is progressing towards full alignment with the recommendations of the Task Force on Climate-related Financial Disclosures (‘TCFD’) and the Home Builders’ Sustainability Accounting Standard.
The Group’s Sustainability Committee has developed the Group’s sustainability approach after performing a materiality assessment to identify issues material to the Group’s stakeholders, taking account of the Group’s key focus areas, operational strategy and business model.
The Committee fulfils an important governance role by setting the Group’s ‘sustainability approach’ and setting challenging targets, including ‘building for tomorrow’, ‘safe and inclusive’ and ‘transforming communities’. In doing this, the Committee oversees the Group’s climate change strategy and reports its findings and recommendations to the Board. Working with organisations including the Carbon Trust and the Science Based Target initiative during 2021, one area of focus of the Sustainability Committee has been ensuring the feasibility of the science based targets previously set.Members
- Dean Finch (Committee Chairman)
- Company Secretary
- Group Strategy and Regulatory Director
- Group Sustainability Director
Role of the Board of Directors
Our Board of Directors set the Group’s purpose, define the Group’s values, set the strategy and monitors and assesses the Group’s culture.
Role of the Board of Directorss172 Statements
View and download our, and our subsidiary companies', section 172 statements.
Subsidiary Companies' s172 Statements