Recruiting for a Subsidiary Board Member join our Head Office in Westminster!
GBP 4,000 per annum working 6-8 hours per month
We are seeking a senior professional to join our Subsidiary Boards. You will help guide the Board through interactions with the Regulator and act as an 'anchor' for the organisation; providing appropriate challenge and support to an organisation with an appetite for growth and progression.
The appointed subsidiary board member will work as part of the subsidiary boards to set strategic direction for the Subsidiary, ensuring it is within the framework of the Group's strategic vision and monitor and evaluate the progress against strategic aims, objectives and financial. This will involve sharing responsibility for Board decisions, performing to the highest personal standards in line with the Board's expectations and acting in the interest of the organisation as a whole.
This is an exciting time to join the subsidiary Board of Look Ahead, as we continue to drive growth and efficiencies across the organisation. This role calls for an experienced operator with an 'eye for detail' who can guide us through the regulatory landscape and act as an anchor for the organisation; challenging our business strategy and engender the right behaviours in the boardroom.
There are four Board meetings a year. Meetings tend to be held on different dates, but usually on Mondays or Thursdays. Over the last 18 months meetings have been held remotely, however once social distancing measures are lifted the meetings will return to being face-to-face. Face-to-face meetings are usually held in Central London.
Allowing sufficient time for wider meetings and preparation, you should expect a time commitment of 6-8 hours per month (allowing for natural spikes in activity). The role is remunerated at £2,000 per annum, per Board, or £4,000 per annum in total.
- Approve and own the strategic direction for the Subsidiary ensuring it is within the framework of the Group's strategic vision and monitor and evaluate the progress against strategic aims, objectives and financial targets
- Take responsibility for the governance and management of the subsidiary whilst delegating operational management to the Operational Director
- Provide a business case on purchase of property to Look Ahead's Investment and Treasury Committee for authority to purchase up to the value of £2 m and to Look Ahead's Board for buildings valued over £2 m
- Advise the Operational Director on the management of sensitive, complex or contentious issues
- Monitor the conduct and maintain oversight of the operational activities in the region in which the subsidiary operates
- Scrutinise and comment on the management accounts and budget and accounts for the Subsidiary
- Comment and contribute on the merit of growth/acquisition opportunities within the regions the Subsidiary operates
- Review key policies where appropriate in relation to the provision of services within the regions in which the Subsidiary operates
- Regularly review and maintain the risk register and internal controls for the Subsidiary for onward consideration by the Group Board and the Group's Audit and Risk Committee, maintain oversight of quality assurance and internal audit
- Ensure that the subsidiary functions within all relevant legal and financial requirements
- Regularly monitor the context and operating environment and address any emerging issues that may impact on strategy, implementation of plans or reputation with key stakeholders, whilst ensuring that there are good relations with the local community, local policy and decision makers within the regions in which it operations
- Agree to recommend any extension of the Subsidiary's activities into new business or any decision to cease to operate all or any part of the Subsidiary's business to the Group Board
- Ensure that the processes of governance are carried out effectively and in line with the Group's code of conduct and governance policies and procedures, e.g:
- Changes to the structure, size and composition of the Board are carried out in accordance with the articles
- Board Director selection, induction and review is carried out and a mix of governance skills and a diversity of membership is ensured
- Evaluation of the performance of the Board is carried out annually
- Board meetings are held regularly and are minuted
- Provide advice and guidance in subject areas where Directors have particular expertise to the Board and Senior Management Team where appropriate
- Follow the Group Code of Conduct
- To report any systemic or structural changes in delivery of service which results in a safeguarding issue immediately to the Group Chair on behalf of the Board. It will be the responsibility of the Operational Director to immediately report any changes to the Subsidiary Chair who will in turn report to the Group Chair
For the full job description, please visit the Look Ahead website.