Chair of Development & Investment Committee

Role: Chair of Development & Investment Committee

Term: Maximum of six years subject to annual review

Responsible to: Chair of Thirteen Board

Time commitment: Approx 50 hours p.a. (plus reading and travelling time)

Remuneration: £12,000 p.a.

Summary

To lead the Committee in new business and commercial opportunities whilst monitoring the viability of existing schemes. To be an effective member of the Thirteen Group Board, to support the development and delivery of the Group’s vision and strategic objectives, accepting accountability and the concept and reality of collective responsibility.

Accountablilities

  • Be a role model and ambassador for Thirteen, committed to Thirteen’s values and strategic objectives;
  • Act ethically and with integrity, complying with the Group’s Code of Conduct and acting at all times in the best interests of the organisation as required by the Code of Governance;
  • Scrutinise all Group investment decisions in respect of significant opportunities including, but not restricted to, acquisitions, regeneration schemes, mergers, commercial investment, and other major projects;
  • Protect and manage proper investment of the Group’s assets and funds;
  • Ensure that the Board considers value for money and risks (aligned to risk appetite) when making decisions;
  • Provide clear direction and focus to the Board: Chair Committee meetings to promote constructive challenge and relevant strategic discussion, ensuring appropriate time and consideration is given to issues prior to decisions being made;
  • Contribute to setting risk appetite and ensuring effective risk management;
  • Apply individual skills and experience to committee business;
  • Develop and maintain positive and supportive relationships with the Committee, the Leadership Team, Board Directors and relevant stakeholders;
  • Contribute strategically and constructively to debate and decision making;
  • Engage in the regular appraisal of the Committee’s effectiveness and the performance and contribution of individual Committee members;
  • Take responsibility for own performance and personal development;
  • Ensure attendance at, and preparation for, all meetings and events.

Skills and Competencies

  • Experience of Chairing and/or serving on a similar committee
  • Substantial investment or financial experience at an executive/senior level;
  • Experience or knowledge of issues within the social housing sector, or related business areas;
  • An understanding of the effective use of assets, including experiences of regeneration and community investment;
  • Proven strategic leadership qualities including sound judgement and decision making;
  • Excellent interpersonal, communication, negotiation and mediation skills;
  • Ability to deliver clear and impartial advice to the Group Board on behalf of the Committee;
  • Excellent analytical skills.

A strong understanding of:

  • Social housing and its management;
  • Strategic and Business planning;
  • Refurbishment and new build ventures;
  • Development and regeneration activities;
  • Specialist housing schemes, such as Extra Care and Housing / Health projects;
  • Mergers and acquisitions.

An ability to:

  • Oversee and advise on new development opportunities, attracting investors and monitoring the viability of existing schemes;
  • Contribute strategically and constructively to debate and decision making while respecting the views and feelings of others;
  • Consider the long-term implications and broader issues when making decisions.
  • Identify risks, set risk appetite and ensure effective risk management;
  • Manage performance to deliver economy, effectiveness and efficiency, in the context of overall value for money.

Performance Measures

  • Annual appraisal by Chair of Thirteen Board
  • Internal and external observation and evaluation of Board and Committee

Thirteen Ethos

Thirteen expects that everyone carrying out work at or on behalf of the Group will be:

  • Considerate (in their behaviour) - valuing diversity, engaging with stakeholders, making actions count and displaying the Group values
  • Smart (in the way they do things) - focused, reliable, productive and adaptable
  • Progressive (they move things on) - high performing, commercially minded, work flexibly and collaboratively and resilient

Terms of Reference

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