Governance

Our Boards

The Radian Group Combined Board 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.

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 the following Group Committees:

  • Audit & Risk Committee
  • Treasury & Investment Committee
  • Remuneration & Nominations Committee

 

The Legal Structure of Radian Group

Radian Group was formed in 2006 bringing together four housing providers. There are also a number of smaller operating companies within the Group, but currently most of these are dormant and none employs staff.

The parent company of the Group is Radian Group Limited. This is a company limited by guarantee.

The housing providers are:

  • The Swaythling Housing Society Ltd. This company is the main employer of non-care staff in the Group, and the managing agent for housing services across the Group.  The company now uses Radian as its trading name.
  • Drum Housing Association Ltd
  • Portal Housing Association Ltd
  • Windsor and District Housing Association Ltd

The companies listed above are all Registered Societies under the Co-operative and Community Benefit Societies Act 2014 and are authorised and regulated by the Financial Conduct Authority. Drum and Portal have charitable objects and are classified as “exempt charities” within the provisions of Schedule 3 to the Charities Act 2011; Windsor and Swaythling are non-charitable Registered Societies.

For a Group Structure chart showing how all the different companies relate, click here.

The Radian Group Combined Board (the Board) adopts the NHF Code of Governance 2015 (‘the Governance Code’) on behalf of the Registered Provider entities within Radian Group.  The Board also adopts the NHF Code of Conduct 2012 (‘the Code of Conduct’) on behalf of Radian Group.

The Board expects the Group’s Board and Committee members, involved residents, staff and contractors, to comply with the Radian Code of Conduct, which is based on a model provided within the NHF Code of Conduct.  Having conducted an appropriate internal compliance review, the Board considers that each of the Registered Provider entities is fully compliant with both the Governance Code and the Code of Conduct.

Radian is a trading name of The Swaythling Housing Society Limited, a Registered Society under the Co-operative and Community Benefit Societies Act 2014 (registration number 10237R) and a registered provider with the Regulator of Social Housing (registration number L0689). Registered office: Collins House, Bishopstoke Road, Eastleigh, Hampshire SO50 6AD. Authorised and regulated by the Financial Conduct Authority. Part of the Radian group of companies.
The Swaythling Housing Society Limited provides management services for subsidiaries in the Radian group.

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