Peabody is overseen by 10 board members. Together they bring a broad range of expertise and experience to Peabody, in fields ranging from customer service, finance and property, to the governance and management of housing associations. Up to two board members can be residents, which help to bring a customer's perspective to board meetings. The board meets formally six times a year.
Board members also serve on one or more functional committees:
The finance and investment committee
Will meet four times a year to:
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monitor and approve the use of resources to achieve the Business Plan;
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oversee and maintain the financial strength of the Group;
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review Group treasury policy and oversee treasury arrangements;
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oversee efficiency of the Group, including effective procurement and value for money; and
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approve investment programmes and significant projects
The audit and risk committee
Will meet four times a year to oversee the internal audit, external audit, control and risk management on behalf of the Group in order to ensure effective control and risk management.
The nominations and remuneration committee
Will meet twice a year to oversee the remuneration of the Executive Team and promote effective governance across the Group.
Board members also serve on the complaints and feedback panel, which receives positive feedback about Peabody's services and hears any complaints from customers.
The day-to-day management of Peabody is delegated by the board members to the chief executive and the executive team.
Peabody complies with the National Housing Federation's code of governance.
