12 November 2020
The 2020 Code of Governance is designed to help housing associations achieve the highest standards of governance and board excellence.
Organisations and their boards in all sectors should aim to achieve a set of standards in order to be well governed. This code sets out the standards that housing associations, their boards, and the wider sector should seek to attain.
The 2020 code has been completely rewritten and restructured to reflect a changing world and emerging issues within the operating environment and the sector. Now, more than ever, there is a need to protect the interests of the communities that housing associations serve, and an increasing importance to be accountable to residents.
This new 2020 code requires those adopting it to make sure that:
The code is built around the key values that good governance is based on – accountability, integrity, openness, and equality, diversity and inclusion. And at its heart are four core principles which shape the content of the code, each with a set of requirements for organisations to adopt:
The code is designed to cater for the diversity within the housing sector, and those adopting it should apply it in a way that fits the size, complexity and scale of their organisation. We are calling for all housing associations to adopt the code by 31 March 2021.
As the code is closely linked to our commitment to be accountable to residents and involve them in decision-making, organisations adopting the code should also adopt our Together with Tenants charter.
Separate to the main code, we’ve produced a compliance checklist document and an additional guidance section, which contains key information on how to apply the code for different types and sizes of organisation. We have also produced a note relating to board member terms.
Organisations may choose to follow the guidance wholly or in part, depending on their size, type and complexity and their existing policies.