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National Counties Building Society is committed to best practice in corporate governance, 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 reviewed. 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 Audit, Board 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.