As the larger and more innovative RPs continue to diversify and innovate, the regulator has committed to ensure that social housing assets are not put at undue risk. While the form that future regulation will take is still uncertain, the regulator continues to highlight the board’s role and the need for ’board grip‘.
We believe that board grip is about having full confidence in the capability of key systems to support organisational health and minimise the burden of regulation. It’s about bringing together, into one team, people with the right mix of skills and experience, deploying them effectively and providing them with the information they need to lead the organisation.
The competencies and skills the modern social housing sector board requires are diverse, reflecting their various activities and risks. Creating a team and framework where these different skills are brought together effectively is key to an organisation’s success.
Over the coming months in a series of mailings, we will highlight the aspects of 'right skills, right information and doing things in the right way' that distinguish good board grip and governance.
We expect to cover:
- Skills and board composition: what an effective board looks like and how to measure and develop your board
- Information and understanding: having the right information presented in the right way to help them govern effectively
- Stakeholder engagement: having the right information presented in the right way to help engagement with customers, staff and other key stakeholders
as well as other topical issues.
KPMG is working with RPs as they look to review their arrangements and reassure themselves that they are fit for the future in this area.
UK Head of Social Housing
0118 964 2238