We use cookies to track usage and preferences.
Leadership

The Board consists of the Chairman, three executive directors and five independent non-executive directors. All the directors bring a broad and valuable range of experience to Paragon and further details of this, together with other biographical details, are set out here.

The Board considers that all the non-executive directors are independent of Paragon and free from any business or other relationship which could materially interfere with the exercise of their independent judgement.​

Upon appointment the non-executive directors are independent of management and are appointed for fixed terms. Each of the independent non-executive directors is independent of the Group and free from any business or other relationship which could materially interfere with the exercise of their independent and experienced judgement. They are all kept fully informed of relevant operational and strategic issues. ​

All directors have access to the advice and services of the Company Secretary, who is responsible to the Board for ensuring that board procedures are complied with. They able to take independent professional advice in the furtherance of their duties whenever it is considered appropriate to do so.​

The division of responsibilities between the Chairman, Chief Executive and Senior Independent Director is clearly established, set out in writing and agreed by the Board as is set out here. This division is reviewed during each year to ensure that it remains fit for purpose and in line with best practice.

The Board has agreed a policy for managing conflicts and a process to identify and authorise any conflicts which might arise.

The Board regularly receives, reviews and considers reports on the following matters:

  • Strategic matters
  • Potential acquisition opportunities
  • Business performance
  • Results, management accounts and financial commentary
  • Operational reports from business areas
  • Treasury and funding matters
  • Legal and governance matters
  • The work of the Board’s committees
  • Matters arising from subsidiary company boards, including that of Paragon Bank
  • Investor relations and shareholder feedback

The schedule of matters reserved for the Board, details the key matters for which the Board is responsible and is set out here.

Further details on the governance framework are included in Section B3 of the Annual Report.

Paragon Banking Group PLC.  Registered in England number 2336032.  Registered office 51 Homer Road, Solihull, West Midlands  B91 3QJ.