The Board
Corporate Governance - The Board of Marsden Building Society is committed to consideration of the Combined Code of Corporate Governance in the continuing development of Corporate Governance Practice at the Society.
The role of the Board is to set the strategic aims of the Society, to ensure that sufficient financial and human resources are in place to meet the objectives set and to review management performance. The Board also has a duty to ensure that the Society operates within a framework of prudent controls which enables risk to be assessed and managed.
The Board has a formal schedule of matters which are reserved to it and has delegated authority in other matters to a number of Board Committees as described below.
The Audit, Risk and Compliance Committee meets at least four times per annum and considers all matters relating to Internal Control & Risk Management Systems and Regulatory Compliance. The Committee receives regular updates from the Internal Audit, Compliance and Risk Management Functions and External Audit.
The Remuneration Committee meets at least once a year and has responsibility for policy on remuneration of the Executive Directors, Senior Management and the Chairman.
The Nominations Committee meets at least once a year and has responsibility for succession planning and the appointment of new Directors.
The Assets & Liabilities Committee meets monthly and considers overall financial strategy including counter party credit risk, liquidity risk and interest rate risk. The Committee also considers proposals for product pricing and monitors the impact upon margins.
Board members
Executive Directors
Rob Pheasey BSc, - Chief Executive
Rob became Chief Executive on 01 March 2011. He joined the Society in 1989 and has been a member of the Society’s Executive management since 2000. Rob was appointed to the Board in December 2008 as Operations Director. Rob has overall responsibility for managing the Society and implementing strategies agreed by the Board. He chairs the Executive Committee and is a member of the following Board Committees: 2 5
Neal Walker BA ACIB, - Finance Director & Secretary
Neal joined the Society in 1987. A member of the Society’s Executive management since 2000. Neal was appointed to the Board in December 2008 as Finance Director & Secretary. He has overall responsibility for financial & budgetary planning, treasury & liquidity risk, compliance, risk management and secretarial functions.
He chairs the Board Assets & Liabilities Committee and is a member of the following Board Committee: 2
Non-Executive Directors
Roger Barlow BA FCA, - Chairman
Roger joined the Board in 2001, becoming Chairman in 2006. A fellow of the Institute of Chartered Accountants, Roger is Non-Executive Chairman of an AIM Listed Company and a Non-Executive Director and Chair of Audit at University Hospital of South Manchester NHS Foundation Trust. He chairs the Board Finance, Nominations and Remuneration Committees.
Christiana Buchanan LL.B.
Christiana joined the Board in 2004 and is a senior prosecutor within the Crown Prosecution Service. She Chairs the Audit Risk and Compliance Committee and is a member of the following Board Committees: 3 4
Tom Fallon BSc CMath MIMA FCT
Tom joined the Board in 2010. A fellow of the Association of Corporate Treasurers and a chartered mathematician, Tom was director of treasury at United Utilities Group PLC for 17 years. He is a member of the following Board Committee: 2 5
Alison Legg BSc FCA
Alison joined the Board in 2010. A fellow of the Institute of Chartered Accountants, Alison was a partner with KPMG LLP for 15 years, specialising in corporate transactions. She is a member of the following Board Committees: 2 3 5
Board committees
1. Audit Risk & Compliance
2. Finance
3. Nominations
4. Remuneration
5. Assets and Liabilities