Policy
Constitutional and Corporate Governance
This section is about the way building societies are managed and the rules that govern their conduct.
Corporate Governance
Like listed companies, good corporate governance practice for building societies is embodied in a combination of legislative requirements, guidance and codes of practice.
Corporate Social Responsibility
Corporate Social Responsibility (CSR) has gained momentum as an issue and is attracting increased interest from politicians, pressure groups, consumers and the media. At the heart of the debate is whether an institution is a good corporate citizen and how this is demonstrated.
Mutuality
All building societies are mutual institutions. Therefore people who have a savings account, or mortgage, are members and have certain rights to vote and receive information, as well as to attend and speak at meetings.
Nature of a Building Society
The Building Societies Act 1986 defines what a building society is and what it can do.
