Our Development Committee is responsible for monitoring the Group’s development performance and activity, in line with our Group Corporate Strategy.
Membership of the committee is determined by the Group Board and comprises a maximum of six members, including at least two non-executive members, one of these being a Group Board member.
Some of the tasks of this committee include:
Monitoring development performance against key indicators and targets;
Monitoring all financial vehicles, including Joint Ventures and Special Purpose Vehicles;
Scrutinising cash flow forecasts and long-term financial forecasts;
Approving development projects and progress, within programmes and financial limits agreed by our Group Board;
Approving measures to manage risks on sales sites, including changes to the type of homes available and other solutions where required;
Reviewing performance associated with the development programme, such as sales and in-house construction.
Members
Peter Martin BA, DipHsg, LLM
Group Managing Director - Development & Construction
View Peter’s profile
