Building Society is a trading name of National Counties Building Society which
is a Society committed to best practice in corporate governance and having
regard to the UK Corporate Governance Code, issued by the Financial Reporting
Council, as well as meeting the guidance for building societies issued by
the Prudential Regulation Authority and Financial Conduct Authority.
Day to day management of the Society is delegated to a team of Senior Executives led by a Chief Executive with oversight by an elected
Board. The principal function of the Board is to determine the strategy
and policies of National Counties Group within an effective control framework,
which enables risk to be assessed and managed. The Board ensures that the
necessary financial and human resources are in place for the Society to meet
its objectives and that business and management performances are
Furthermore, the Board ensures that the Group operates
within the Society's constitution and relevant legislation and regulation and
that proper accounting records and effective systems of business control are
established, maintained, documented and audited.
The Board has four Committees: the Group Audit, Board Group Risk,
Remuneration and Nomination Committees, the Terms of Reference for which are
accessible via the links below. The first three are comprised only of
Non-Executive Directors and have different Chairmen, none of whom is the
Chairman of the Society. The Nomination Committee is comprised of the
Chairman and Vice Chairman of the Board plus the Chief Executive.
The Remuneration Committee believes that it is increasingly important for members to understand how the remuneration of the Society's Directors and staff has been determined. Accordingly, a copy of the Society's Remuneration Policy Statement can be viewed via the link below.
Capital Requirements Directive - Pillar 3 Disclosures
Publication of the attached document is required under the Capital Requirements Directive as described within the introduction section of the document.
- Pillar 3 Risk Disclosure
Country by Country Reporting 2014
- Country by Country Reporting 2014
Society Rules, 2014 Edition (effective from 1 September 2014)
- Society Rules Booklet - 2014
Summary Financial Statement, 2016 Edition
- Summary Financial Statement - 2016
Society Memorandum, 1998 Edition
- NCBS Memorandum - 1998 Edition