PERFORMANCE AND GOVERNANCE
Governance
Strong governance is at the heart of our ongoing success and is critical to our future direction and ambitions to grow. It sets out clearly the parameters and controls in which we operate and ensures that the leaders of our organisation operate within them.
The Amplius Board, supported by robust processes and procedures, makes sure that the organisation operates effectively, providing specialised expertise and genuine diversity of talent. By delegating areas of additional scrutiny to our committees, Amplius ensures that the organisation is well resourced and holds the right skills to navigate the challenges faced by both Amplius and the wider sector as well as ensuring we can grow and achieve continued success.
How we’re governed
Board and Committee structure
The members of the Board are shown on pages 112 to 117 in the full report. Board members, who are all non-executive members, with the exception of the Chief Executive Officer, are drawn from a wide background, bringing together professional, commercial and local experience. The Amplius Board has ultimate responsibility for the governance and performance of Amplius and its subsidiaries. Its role is to determine the strategic direction of the organisation and to oversee and control risks and opportunities, thus allowing us to meet our objectives.
Subsidiary Boards
Grand Union Homes Ltd This subsidiary was established in 2015 to build quality homes and create sustainable places catered to local markets across Bedfordshire, Northamptonshire and Buckinghamshire. Grand Union Group Funding PLC This subsidiary was formed in late 2013 and the principal activity of the company is to act as the funding vehicle for Amplius. Libra (Longhurst Group) Treasury plc and Libra (Longhurst Group) Treasury No 2 plc These subsidiaries were formed under Longhurst Group in 2012 and 2018 respectively. The principal activities are to raise private finance for the group. GUHG Development Company Limited This subsidiary began trading on 1 April 2022. The company’s principal activities are limited to providing design and build services for members of the Group. Keystone Developments (LG) Limited This subsidiary was formed under Longhurst Group in 2001. The principal activity of the company is the provision of design and build services to other members of the group for the construction of homes for affordable rent and low cost home ownership.