The Governance structure of Radian Group
How our Boards and Committees are organised
The organisation of Boards and Committees in Radian Group was changed in September 2010. Until that time, each company had its own separate Board, which meant there were more than thirty board meetings a year across the Group, and more than 50 board members.
Our Boards
In September 2010 we simplified and streamlined the way our Boards work. We created the Radian Group Combined Board, which is a joint meeting of several Boards with overlapping membership.
This Board meets at least five times per year and considers all aspects of strategy, performance and compliance for the Group as a whole.
Radian Support, however, continues to operate with its own separate Board, to deal with the specialist areas of its business.
There are a number of smaller companies within Radian Group, but none of them currently provides services outside of the Group, or owns housing, or employs staff. Each has its own Board whose members come from Radian's Executive Team and from the Combined Board membership.
Our Committees
Some Board responsibilities are delegated to Group Committees. Group Committee members include Board members, residents, and independent people with a particular expertise (who are neither board members, nor residents, nor staff).
The Radian Group Combined Board currently has the following Committees:
- Group Audit Committee
- Group Finance Committee
- Housing Assets and Customer Services Committee
- New Business Committee
- Remuneration and Resources Committee
Residents are involved in our Boards and Committees and our Area Panels
Two members of the Group Combined Board are residents.
A Board member attends each of Radian's Area Panels (as an observer not a panel member)
The Chair of the Residents Council attends the Combined Board meetings (as an observer)
The Chair of the Group Combined Board attends Residents Council meetings (as an observer)
We also have resident members on our Group Committees.
