partnership with it on modernising the governance of registered social
landlords. In its response to the consultation document 'Modernising Governance',
the federation is encouraging the corporation to work with it on the next
stages. It is calling on the corporation to jointly review the federation's
existing Code of Governance, that was updated last year, and make any
James Tickell, deputy chief executive of the National Housing Federation
'The corporation has always been involved and supportive of the
dederation's governance work over the past six years and we would
like to continue to work together. It is right that the regulator and the representative body should work together to in this area. We hope to continue this positive relationship that has existed as the debate continues.
'We've suggested that the corporation gives more time to this and
consider joint work on further revision to the federation's Code of
Governance and examine its formal position. It does, after all, already
reflect the corporation's guidance in most areas'.
In its response the federation has also warned against payments to
board members arguing that to do so could risk the good reputation of the
sector. It is however keen for guidelines to allow board members to be
compensated for loss of earnings and for parity with charities, which
are allowed to pay trustees under well-defined circumstances.
* Copies of the full response are available on request from the y NHF.