BusinessCompany NewsCharity takes on combined code for board

Charity takes on combined code for board

A charity that operates 11 hospital and clinics for the NHS has become the first not-for-profit organisation to adopt a board structure based on the combined code on corporate governance.

Link: Half of FTSE100 not complying with Higgs

St Andrew’s Group of Hospitals is replacing its board of 37 non-executive governors with 10 trustee directors, five executive and five non-executive directors. It has also said it is to incorporate as a company limited by guarantee, limiting the liability placed on board members, according to the Financial Times.

The move towards adopting the combined code was pushed through by group chief executive Sir John Brigstocke, who said it was ‘a much more professional way of running a large trading operation’.

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