Governance

Reports and documents

Here you’ll find all the latest information about our financial position, our performance and the rules by which we operate. 

 

Making The Difference

You can find out more about Making The Difference and the impact it had in 2020 by clicking here.

Annual General Meeting

The 171st Annual General Meeting of members will be held at 6.30pm on Monday 26th April 2021 at our Head Office premises, 51 Newmarket Road, Cambridge, CB5 8EG

For further information regarding this year’s Annual General Meeting visit our events page.

 

The AGM will be held for the purpose below:

 

Ordinary Resolutions

 

1. To receive the Directors’ Report, the Annual Accounts, the Annual Business Statement and the Auditors’ Report for the year ended 31st December 2020.

2. To approve the Directors’ Remuneration Report.

3. To approve the appointment of Mazars LLP as Auditor to the Society for the period from the conclusion of the meeting until the next general meeting at which accounts are laid before the Society, following the resignation of KPMG LLP.

 

Election and re-election of Directors

 

4. To approve the election of Directors:

i. Richard Brockbank
ii. Carole Charter
iii. Andrew Rice
iv. John Spence

 

5. To approve the re-election of Directors:

i. Peter Burrows
ii. Pauline Holroyd
iii. Fiona Hotston Moore
iv. Stephen Jack
v. Andrew Jones
vi. Andrew Morley
vii. Victoria Stubbs

 

Special Resolutions

 

6. To consider and, if thought fit, to pass the following resolutions as Special Resolutions:
“That the Memorandum of the Society be amended by:
i. in paragraph 4(a) deleting “other than by the creation of a floating charge”;
ii. in paragraph 7 in the definition “dispose (or disposing)” deleting
“(except by way of a floating charge)”; and
iii. in paragraph 7 in the definition “parent undertaking” deleting “section 258 of the
Companies Act 1985” and inserting “section 1162 of the Companies Act 2006”.

 

7. That the Rules of the Society be amended in the manner specified in the document produced to the meeting and initialled by the Chairman for the purposes of identification.

 

You will find a summary of the proposed Rule amendments here.

Board Committees

The primary focus of the Board is to ensure that the Society has a sustainable future based on strong financial and risk management. The Board also has a duty to ensure that The Cambridge operates within relevant regulation and that proper accounting records and effective systems of business control are established, maintained, documented and audited.

Audit Committee

The Committee is responsible for the review of the integrity of financial statements, the effectiveness of internal controls and compliance systems. It recommends acceptance of the annual accounts to the Board and monitors the performance, objectivity, competence and effectiveness of the internal and external auditors. The Committee recommends to the Board (for approval by our members) the appointment or reappointment of the external auditors.

Remuneration & Organisational Design Committee

The Committee is responsible for the terms and conditions of employment of the Executive Directors and also recommends Non-Executive remuneration to the full Board.

Nominations Committee

Responsible for succession planning for both Executive and Non-Executive Director positions, the Nominations Committee leads the process for recommending and appointing new members to the Board. It considers the balance, skills range, knowledge and experience of the Board, the requirements of the organisation, and recommending change where appropriate.

Risk Committee

The Committee advises the Board on setting the Society’s overall risk appetite, risk tolerance and risk strategy and is responsible for monitoring risk management across the organisation. The Committee has close links with the Society’s Mortgage Credit, Assets and Liabilities, Conduct Risk and Operational Committees.