How we are run
Independent and non-profit distributing
NHBC is an independent, non-profit distributing company limited by guarantee, with no shareholders. Any surpluses generated are re-invested in improving and developing the products and services we provide to the industry to further improve house-building standards. We are not a government or charitable organisation.
NHBC is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA)
NHBC is governed by a Council with representatives from organisations or groups who have an interest in raising standards in UK house building. They include mortgage lenders, law societies, consumer groups, architects, surveyors and house builders. The Chairman of the Council is also the Chairman of the Board.
Board of Directors
NHBC's Board is responsible for overseeing NHBC's strategy and financial resources, particularly the business planning and budgeting process. The 14 member Board is accountable to the Council.
NHBC's Board has eight committees reporting to it:
- Consumer Committee
Monitors and audits NHBC's customer care and complaints procedures.
- Standards Committee
Advises the Board on house-building construction standards and technical issues.
- Finance Committee
Reviews the financial implications of the Group Business Plan and evaluates new capital projects.
- Audit Committee
Monitors and reviews financial control and risk management systems as part of the internal audit requirements.
- Remuneration Committee
Agrees the remuneration strategy for the company, including directors and senior management.
- Nominations Committee
Advises on Board membership, renewals and appointments to Board committees.
- Scottish Committee
Addresses issues, and oversees the work of NHBC, specific to Scotland.
- Northern Ireland Committee
Addresses issues, and oversees the work of NHBC, specific to Northern Ireland.
NHBC has two subsidiary companies, each with its own Board:
- NHBC Building Control Services Limited, established to manage the Approved Inspector licence for the purposes of undertaking building control.
- NHBC Services Limited, established to manage NHBC's non-insurance services - primarily training, health and safety, and sustainability services.