All Board members are non-executive members, and one member is a customer. Members are recruited for their knowledge, skills and lived experience of social housing. They come from a diverse range of backgrounds, and we promote diversity to ensure members reflect the communities we serve.
The Board has adopted the National Housing Federation Code of Governance 2020 and Code of Conduct to ensure accountability, integrity, openness, and equality, diversity, and inclusion. The code is closely linked to our commitment to be accountable to customers and involve them to ensure they are at the heart of strategic decision-making. Every year we review the effectiveness of the Board and have development and succession plans in place so we maintain the highest standard of governance.
Our Board meets six times a year which includes a strategy day where they set the direction of the organisation, monitor performance and risk, and make sure we’re meeting our legal and regulatory requirements.
The Board is supported by four committees: Audit & Risk, Development & Major Projects, Governance & Remuneration and Customer Committee. These committees support the decision-making process, make recommendations to the Board and gain additional assurance on behalf of the Board. The Customer Committee is mainly made up of IVH customers. The Chair of the Customer Committee is also the Board champion for complaints
We have a separate Resident Scrutiny Panel. This group of customers scrutinise our work and make recommendations for improvements. They report these into the Board. The Customer Committee commission scrutiny activities based on their work, the RSP also put forward areas they want to focus on.
As Chief Executive I report directly to the board and lead the Executive Team in delivering of our corporate plan and directing our operations.
Highest rating
We have the highest rating for governance – G1.
Our board
100% of board are non-executive members.
Board Committees
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Audit & Risk Committee
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Governance & Renumeration
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Development & Major Projects
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Customers
Over the past 12 months, our Board has:
Reviewed our performance and finances so we can achieve our future plans.
Adopted building and fire safety regulations and approved works to keep residents safe.
Agreed our risk map so we mitigate and manage key risks.
Discussed our financial capacity and treasury management, including going out to market for additional funding.
Approved the development of new homes.
Board members are remunerated for their time. Levels of remuneration are independently reviewed. The current levels of remuneration are:
- Chair of the Board: £15,000 pa.
- Vice Chair and Chair of Audit Committee: £10,800 pa.
- Chair of Committee: £8,500 pa.
- Board Member: £5,500 pa.
- Independent Committee Member: £3,500 pa.