The Accord Board meets formally six times a year in addition to a number of training and briefing sessions. Members also attend
conferences and training courses where appropriate and where demonstrable added value is achieved. Accord is committed to
the principles of good governance and a high standard of business integrity in everything it does; as a result Accord has adopted
the NHF Code of Excellence in Governance. This Code sets out a number of principles outlined on the following page, which the
Accord Board assesses its compliance against:
n Compliance with the code
n Conduct of the Board and Committee business
n Constitution and composition of the Board
n Audit and risk
n Essential functions of the Board and Chair
n The Chief Executive
n Board skills, renewal and review
n Conduct, probity and openness
The essential functions of the Accord Board are formally recorded. They include the setting of strategy and monitoring
of progress in achieving that strategy, the definition of values and objectives, approving policies, plans and budgets and
monitoring performance of the business. By doing this the Board seeks to ensure that Accord does not take any undue
risks and that affairs are conducted to the highest level of performance and propriety. The Board is also responsible for
understanding risks are understood, recorded, reported, managed and mitigated against.
All Boards and Committees have responsibility for the implementation, monitoring and review of key policies and strategies
that are relevant to their area of operation. The respective responsibilities of the Boards and Committees are set out in the
Standing Orders and Financial Regulations. The Board delegates day to day management of the activities to the Chief Executive
and his Executive team who in turn are responsible for ensuring that the organisati ons have appropriate arrangements in
place to meet their objectives and targets. Accord’s review against the NHF Code of Governance demonstrated high levels of
continuing compliance.
The Board is formed of members with wide-ranging, relevant and necessary skills and knowledge to effectively manage the
business and understand and manage Accord’s key risks. Accord annually reviews its operations against the Homes and
Communities Agency’s Governance and Financial Viability Standard and continues to demonstrate compliance. In November
2016 Accord received confirmation that the highest possible ratings for Governance and Viability (G1 & V1) had been retained
following the HCA’s In Depth Assessment exercise undertaken in 2016.
Details of the remuneration drawn by members of the Board during the year are set out in note 6 of the Financial Statements.
The total remuneration of non-executive members represents 0.1% of turnover.
Financial Statements 2017
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