Our Boards and Committees are together responsible for ensuring both our success and our compliance with all legal and regulatory obligations by directing and supervising each company’s affairs.
The Board:
- Sets our vision, values and standards and ensures that we understand and meet our legal and regulatory obligations.
- Sets our strategic aims and ensures that we have the financial and human resources in place that we need to meet our objectives, and reviews management performance.
- Provides entrepreneurial leadership of the group within a framework of prudent and effective controls which enable us to assess and manage risk.
- Fulfils the functions set out in the articles of association and rules for group companies.
Responsibilities of a board director:
- To act as an accountable director of the board.
- To contribute to the leadership and motivation of the organisation as part of an effective board.
- To build a constructive relationship with and between other board directors and with our Executive Management Team.
- To contribute to setting and directing our strategy.
- To participate in group decision-making by contributing to debate and challenging the views of others where appropriate.
- To use skills and knowledge to analyse issues presented to the board. To be an ambassador for and represent Futures as appropriate.
- To ensure integrity in all aspects of the group’s activities.
- To apply specialist knowledge where appropriate to help the board make decisions.
- To work with the Chair to identify personal development needs.
Board director role:
The role of a board director is to:
- Act on behalf of the board and in the best interests of the group.
- Contribute to a ‘one team’ approach while bringing your own diversity of thought.
- Represent the organisation appropriately.
- Use individual skills and experience to contribute to an effective board.
- Comply with the statutory and regulatory requirements of a board director.
Governance duties:
- To uphold our values, objectives and policies as we fulfil our governance duties, acting within and in accordance with the articles of association or rules for each group company.
- To contribute to and share responsibility for decisions of the board (and/or any committee of which the board director is a director).
- To ensure compliance with statutory and regulatory requirements including, but not limited to, the requirements of the Economic and Consumer Standards under the Regulatory Framework.
- To attend induction, training and performance review sessions and other such sessions or events as reasonably required, including representing the group when requested.
- To ensure that we comply with the adopted code of governance and code of conduct, standing orders and financial regulations and any organisational policies relating to board director activity.
- To attend all board meetings (and all committees of which the board director is a director) and to read board and/or committee papers (as applicable) before meetings.
