Governance and engagement

Corporate governance is the system by which companies are directed and controlled. Discover how we apply the guidelines and principles put in place, ensuring that the Society is able to reach its goals and objectives in a way that benefits its members and stakeholders alike.

Find out about the different board committees we have in place at the West Brom. Information includes the purpose of each individual committee as well as the specific functions that they undertake.

The Memorandum states the purpose of the Society and sets out its powers. The Rules contain terms and conditions setting out how the Society is managed, including provisions governing Membership of the Society.

We value the opinions of all our employees and have created a council to provide additional and valuable ways to understand the views of our employees. The Council strengthens our employees voices at Board Level and is an important addition to our ongoing employee engagement initiatives

Find out more about the difference we’re making in our latest Impact Report.

As a business employing more than 250 members of staff, the West Brom is required to publish information relating to gender pay. From 2021, we also voluntarily publish our ethnicity pay gap. Our latest reports are available here.

We are a signatory to the Women in Finance Charter, an initiative led by HM Treasury to support the progression of women into senior roles within the financial services sector.  It reflects the government’s aspiration to see gender balance at all levels across financial services firms.

We are pleased to announce we are now a signatory of the Business in the Community Race at Work Charter. We know that ethnic minorities still face significant disparities in employment and progression, and that is something we need to change.

We are formally recognised as a responsible and caring business and employer, and became the first financial services organisation to receive an official accreditation by the Good Business Charter.