Annual report and accounts 2009 (PDF) - Coventry Building Society

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ANNUAL BUSINESS STATEMENT(continued)3. INFORMATION RELATING TO DIRECTORS AND OTHER OFFICERSPart 1 - DirectorsDate ofappointmentNameas a director(Date of birth) Occupation Other directorships of the SocietyDavid A Harding, Company Director Enterprise Inns plc 01.10.1996JP, BA, MPhil, FCMART Group PLC(Chairman)(In Members’ Voluntary Liquidation)(29.07.1947) The Royal MintThe Royal Mint LimitedBridget P Blow Company Director Birmingham Chamber of Industry and Commerce 01.02.2007(Deputy Chairman)Birmingham Hippodrome Limited(02.06.1949) Birmingham Hippodrome Theatre Trust LimitedBridget Blow Consulting LimitedMember of the Council of Birmingham UniversityHarvard International plcKensington Green (Management) LimitedTrustmarque Acquisitions LimitedTrustmarque Group LimitedTrustmarque Intermediary LimitedTrustmarque Solutions LimitedRoger D Burnell, Company Director Thomas Cook Group plc 01.09.2008BSc, FCAClarence Mansions Management(08.04.1950) Company LimitedColin T Franklin, Building Society Godiva Mortgages Limited 07.07.2009FCIB, DMS Sales & Marketing Safe Home Income Plans(15.06.1955) DirectorIan S Geden, Company Director The Police Mutual 01.09.2008FCII(08.07.1953)Robert H Green, Building Society Coventry Cyrenians 02.05.2006BA, ACA Finance Director All of Coventry Building Society’s subsidiary(23.05.1968) companies detailed in Sections 4 and 5Ian Pickering, Company Director Electrocab Limited 01.09.2005MA (Cantab), FCABedford Hospital NHS Trust(16.10.1955) Member of the Council of Cranfield UniversityMember of the Auditing Practices Board ofthe Financial Reporting CouncilFiona B Smith, Solicitor Derwent Insurance Limited 01.12.2002LLBSevern Trent European Finance Limited S.a.r.l.(03.01.1959) Severn Trent European Placement SASevern Trent Holdings NVSevern Trent Luxembourg Finance SASevern Trent Luxembourg Holdings SASevern Trent Luxembourg Overseas Finance SASevern Trent Luxembourg Overseas Holdings SASevern Trent MIS Trustees LimitedSevern Trent Pension Scheme Trustees LimitedSevern Trent PIF Trustees LimitedSevern Trent SSPS Trustees LimitedDavid Stewart, Building Society All of Coventry Building Society’s subsidiary 11.02.2002BA, ACA Chief Executive companies detailed in Sections 4 and 5(18.08.1965)78Philip L Vaughan, Building Society Corporate Transformations Limited 07.07.2009BA, FCMAChief Operating Officer(15.08.1964)
3. INFORMATION RELATING TO DIRECTORS AND OTHER OFFICERS (continued)Documents may be served on the above named directors at:Seymours Solicitors, Queens House, Queens Road, Coventry CV1 3JN.In 2006 the Society entered into service contracts with David Stewart, the Chief Executive, and Rob Green, the FinanceDirector. The contracts enable the Society to give one year’s notice of termination.In July 2009 the Society appointed Colin Franklin (Sales and Marketing Director) and Phil Vaughan (Chief Operating Officer)to the board. Service contracts were entered into which are terminable by the individual on six months’ notice and by theSociety on one year’s notice.Part 2 – The SecretaryName Occupation DirectorshipsNailesh K Rambhai, MA (Oxon) Secretary and Solicitor Belgrade Theatre Trust (Coventry) LimitedCholmeley Court LimitedPart 3 – Senior management teamNameJulian M J Atkins, BSc, MBA, FCIPD, FCIBRachel C Haworth, BA, MCIMDarin J LandonSheryl A F Lawrence, MBA, LLM, BSc, ACAJohn Lowe, BA (Oxon), ACASally A Wrigglesworth, MBA, ACIBOccupationHead of Human ResourcesHead of Marketing & CommunicationsHead of SalesHead of RiskDeputy Finance DirectorHead of Customer Service4. SUBSIDIARIES CARRYING ON BUSINESSAt 31 December 2009 the Society held shares in the following directly wholly owned subsidiary company, incorporated inEngland and Wales:PercentageShareownedcapital directlyissued by Society£ %Godiva Mortgages Limited 20 100At the same date, the authorised share capital of Godiva Mortgages Limited was £1,000.The Society also has an interest in Coventry Building Society Covered Bonds LLP which gives rise to risks and rewards thatare in substance no different than if it was a subsidiary undertaking. Coventry Building Society Covered Bonds LLP isregistered in England and Wales.79
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ANNUAL REPORT & ACCOUNTS 2009
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ChairmanDavid HardingDeputy Chairma
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DIRECTORS’ REPORTBUSINESS OBJECTI
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Financial performanceThe Society ac
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ASSETSThe assets of the Group incre
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KEY PERFORMANCE INDICATORSNET MORTG
Page 19 and 20:
Remuneration CommitteeConsisting of
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RISK MANAGEMENT REPORTPRINCIPAL RIS
Page 23 and 24:
CORPORATE GOVERNANCEThe board is ac
Page 25 and 26:
APPOINTMENTS TO THE BOARDThe appoin
Page 27 and 28:
DIRECTORS’ REMUNERATION REPORTINT
Page 29 and 30: STATEMENT OF DIRECTORS’RESPONSIBI
Page 31 and 32: OPINIONIn our opinion:the Annual Ac
Page 33 and 34: BALANCE SHEETSas at 31 December 200
Page 35 and 36: CASH FLOW STATEMENTSfor the year en
Page 37 and 38: Improvements to IFRSThe improvement
Page 39 and 40: FINANCIAL LIABILITIESFinancial liab
Page 41 and 42: PENSION COSTSThe Society operates b
Page 43 and 44: Loan impairment and other provision
Page 45 and 46: 7. OTHER OPERATING INCOMEGroup Soci
Page 47 and 48: 11. DIRECTORS’ EMOLUMENTS (contin
Page 49 and 50: 12. PENSION SCHEME (continued)2009
Page 51 and 52: 13. IMPAIRMENT PROVISIONS ON LOANS
Page 53 and 54: 14. PROVISION FOR FSCS LEVIESAll de
Page 55 and 56: 20. DEBT SECURITIESGroup Society Gr
Page 57 and 58: 21. DERIVATIVES AND OTHER FINANCIAL
Page 59 and 60: 24. INTANGIBLE FIXED ASSETSGroup So
Page 61 and 62: 26. DEFERRED TAXDeferred tax assets
Page 63 and 64: 32. OTHER LIABILITIESGroup Society
Page 65 and 66: 38. FINANCIAL COMMITMENTSGroup Soci
Page 67 and 68: 40. FINANCIAL INSTRUMENTS (continue
Page 75 and 76: 41. RELATED PARTY TRANSACTIONSULTIM
Page 77 and 78: 42. NOTES TO THE CASH FLOW STATEMEN
Page 79: 2. OTHER PERCENTAGES2009 2008% %As
Page 84: www.thecoventry.co.ukCoventry Build
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Annual report and accounts 2009 (PDF) - Coventry Building Society

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