Strategic leadership is provided by the Board which consists of ordinary members, a Newham Council appointee, and the Chief Executive. The Board meets regularly, and we are proud of how well we are governed. We have adopted the 2020 NHF Code of Governance and review our compliance with the Code twice each year. We also review how effective our governance is annually, using questionnaires and external meeting observations. Equality, diversity, and inclusion is a key element of good governance, and we believe that transparency is important for this. A summary of the EDI profile for our Board can be found here.
It is also important that we can demonstrate that our Board members always act on behalf of Local Space. For this reason, we ask our Board members to make a full declaration of any interests, and if there is ever a conflict of interest they withdraw from the meeting and take no part in the decision making. A summary of Board member’s declarations of interest can be found here.
The Board is supported by two committees – the Audit and Risk Committee, and the Nominations and Remuneration Committee. Board members also works closely with the Tenants’ Panel.
Nomination and Remuneration Committee
The Nominations and Remuneration Committee leads on the recruitment of Board members, reviews the composition of the Board, and has oversight of Board members’ induction, training, skills analysis, and appraisal. It is also responsible for ensuring that there is appropriate remuneration for Board members and the Chief Executive and that the Chief Executive is effectively appraised.
Audit and Risk Committee
The Audit and Risk Committee ensures that we protect our business and run it successfully. The Committee helps to protect what we own, so that it does not lose its value. It also makes sure we think about how we can protect ourselves from business risks and threats and do not break any rules or laws.