Hill Homes’ affairs are directed by a Board that is responsible for ensuring that it operates in accordance with its objectives and rules and ensures that its functions are properly performed.
To support the work of the Group Board, there are two sub-committees with delegated responsibility for key areas of our work:
Finance, Risk and Audit Committee
This committee is chaired by John Powlton, our Honorary Treasurer and member of the Group Board.
The committee is responsible for monitoring the financial performance and reviewing the major risks facing the Group, to establish with reasonable assurance that control procedures are in place and being followed.
The role of the Committee is to challenge and scrutinise, test and validate assumptions about performance by comparing actual results with targets and planned outputs.
The Committee ensures that there is a systematic, effective and ongoing process for identifying, evaluating and managing significant risks faced by the organisations that make up the group.
The work of the committee covers:
- Financial reporting, including the integrity of the Group’s annual report and accounts
- Budgeting
- Management accounts
- Internal controls and risk management systems
- Compliance and fraud
- Internal audit
- External audit
- Investment strategy
- Taxation strategy
- Whistleblowing procedures
- Health and safety concerns
- Safeguarding concerns
The committee meets a minimum of four times a year.
Remuneration Committee
This committee is chaired by Honorary Treasurer John Powlton
The committee is responsible for ensuring the Group’s employment terms are compliant with current legislation, are consistent with the values of the organisation and support its long-term success.
The role of the committee is to receive evidence on salaries, remuneration and benefits including reports of comparative data as deemed to be necessary.
The work of the committee covers:
- Staff contracts
- Annual salary review
The committee meets a minimum of once a year.