Overall Purpose of the Role
The role of The Oversight Trust – Assets for the Common Good, is to oversee the operations of companies that receive funding under the Dormant Assets Act 2008-2022 (Dormant Assets Act) and to ensure they remain true to their objects. The Operation Companies (OpCos) are: Better Society Capital, Youth Futures Foundation, Fair4All Finance and Access – the Foundation for Social Investment.
The Chief Executive Officer (CEO) is the strategic and operational leader for the Oversight Trust. Based in the UK, the CEO provides leadership, ensuring the organisation remains focused on its purpose, values, and long-term sustainability.
As the public face of the organisation, the CEO works closely with the Board, staff, funders and partners to deliver OT’s purpose in providing measurable outcomes that address pressing social challenges. This includes supporting best in class governance oversight, securing funding, helping foster a high-performance culture, ensuring clear approach to impact, and ensuring compliance with legal requirements and regulatory standards.
The CEO leads and manages all activities for the OT with a small support team. The role involves ensuring that Board and Committee members receive the support and advice necessary for them to discharge their duties and to maintain positive relationships with all stakeholders.
Statement of Responsibility
To ensure the effective servicing of OT as an organisation including:
- Developing the strategy of OT with the Chair and Board and responding to external challenges including working with DCMS and NLCF to identify new opportunities to remain “best in class” and helping them promote engagement of the financial services industry with the Dormant Assets Scheme.
- Advising the Board on OT on best-in-class governance issues and ensuring compliance with the requirements of OT’s governance documents;
- (Delegating to Co Sec but responsible for) scheduling Board and Committee meetings including away-days and off-site meetings, preparing agendas and minuting those meetings, ensuring materials are prepared and circulated on time;
- Providing guidance, advice and information requested by the Board to facilitate decision-making;
- Undertaking regular skills assessment of the board and annual board performance self-assessments. Managing the process for making appointments to the OT Board, including appointment of recruitment consultants, organising the interview process, facilitating the necessary legal processes and executing induction for new Directors;
- Developing strong working relationships with the OT Board, Chairs of Operating Companies and relevant Members of their Boards (such as Committee Chairs) and developing and maintaining good relations and contact with key executives of the Operating Companies (including those who provide reports to the OT Board) and other stakeholders, including individuals at NLCF and in Government;
- Managing the process for appointing the independent review panels for the Quadrennial Reviews of the Operating Companies and managing the production of these reports, the responses from OT and the Operating Company and the launch of the reports;
- Preparing and organising annual Governance Review meetings with each of OT’s Operating Companies;
- Preparing annual plans and budgets for discussion and agreement with the board;
- Producing financial statements and managing payment systems including payroll and expense claims (with support from Better Society Capital Finance Team) and dealing with requests for dormant account funding made by OT to the National Lottery Community Fund;
- Ensuring day to day operation of OT by managing the required administrative support, IT systems and the OT website and Comms support;
- Maintaining statutory records and registers – in particular with Companies House with the company secretary;
- Taking a flexible approach to relevant issues and act promptly to ensure situations are dealt with appropriately and effectively.