Governance
The Value of
Governance
As a provider of housing
services Riverside commands public trust and confidence, playing a
vital role in tenants' lives. Board members and employees of
Riverside therefore have a responsibility to manage and deliver
services in a way that enhances that public trust.
Organisations that are well governed make the best use of
resources, manage risk effectively and help secure the present and
future for its stakeholders.
Governance in Social
Housing
Governance is important to all
sectors of the economy - public, private and voluntary which have
developed and adapted their own codes in line with their needs and
circumstances. As a Registered Provider of Social Housing (RPSH)
Riverside has adopted the NHF Code of Governance which
says:
"Governance is about organisational
vision, mission, clarity of purpose and effectiveness. As
such, good governance enhances organisational reputation, and
ensures better results are achieved".
Delivery of Governance
by The Riverside Group Limited (TRGL) Board
An effective Board provides the
organisational vision, mission, clarity of purpose and
effectiveness essential for good governance and leadership
by:
1.
understanding its role
2.
ensuring delivery of the
organisation's objectives
3.
working effectively individually
and as a team
4.
exercising effective
control
5.
acting with integrity
6.
being open and
accountable.
The Board does this by upholding the 9
principles of good governance referred to the NHF code:
- Ethics
- Accountability
- Customer first
- Openness
- Diversity and inclusion
- Review & Renewal
- Clarity
- Control
- Structures
Role of The Governance
Working Group (GWG)
The GWG has delegated authority
from TRGL Board to consult, consider and make recommendations to
the Board for all aspects of governance in Riverside.
Role and
Responsibilities of The Governance Team
The Governance team:
·
supports the effective operation of
The Riverside Group Limited's Board, its committees and meetings of
the executive directors including the timely passage of business
through the decision making process;
·
advises and supports Board members
and executive directors on governance matters including:
1. delegated decision-making
2. Board and committee structures and the
appointment, induction and appraisal of Board and committee
members
3. standards of probity:
·
the Bribery Act and
ethics
·
declarations and potential
conflicts of interest
·
grant of benefits including gifts
and hospitality (Table 1 of the Governance Framework
Document)
·
is the first point of contact for
shareholder members and administers the Annual General Meeting
(AGM)
·
executes legal documents to give
effect to Riverside's decisions
·
advises on and ensures that
Riverside complies with the requirements of its statutory
regulators; Financial Conduct Authority (FCA), Companies House and
The Charity Commission
·
provides and co-ordinates quality
Board member and governance information to support tendering and
business development activities
·
provides clear documentation on
Riverside's governance procedures together with advice and
assistance to all staff about implementation as and when
required.