As you may recall we recently introduced a new structure that governs believe housing.
These are challenging times for the housing sector and strong, robust governance is key. Board members and members of our committees require a high degree of skill and even higher levels of responsibility, time commitment and accountability than before.
As part of our ongoing commitment to effective governance, we are suggesting introducing payment for our board and committee members for the role they carry out and the responsibilities they hold.
We see payment as an essential tool for achieving excellence in our governance, retaining and attracting high calibre members, and to be competitive. Remunerating board and committee members has become a relatively common practice within the sector, and is proven to strengthen governance.
Both board members and members of committees would be required to sign a service agreement, which would specifically set out their contractual obligations to believe housing. Each member would be required to have an annual review of their performance.
As a charitable registered provider of social housing we would only remunerate in line with housing industry levels, which would be subject to regular review and published annually.
If we move ahead with the proposals then this would not have an impact on the services you receive as tenants.
We want your views
You are at the forefront of our services and want to hear your thoughts on our proposal.
Our consultation period will be from Thursday, 16 February until Tuesday, 28 March 2017, and we welcome any thoughts or comments that you may have.
You can call us with your views on 0191 349 7777 or email email@example.com.
We look forward to hearing from you.