Erimus Housing and its partner boards recognise the vital role that board members play. Following careful consideration of a business case and independent advice the Boards of Fabrick Housing, Erimus Housing and Tees Valley Housing agreed to implement board member remuneration.

Board members receive one payment regardless of the number of Boards and Committees they serve upon. The level of payment depends upon the role within the boards/committees as follows:

ROLE	LEVEL OF REMUNERATION
Chair of the Board
Fabrick Housing Group	£15,000
Erimus Housing	£9,000
Tees Valley Housing	£9,000
Senior Independant Director/Vice Chair of the Board
Fabrick Senior Independent Director	Under discussion – currently paid as Chair of Nominations and Remuneration
Vice Chair of Erimus Housing	£6,250
Vice Chair of Tees Valley Housing	£6,250
Chair of Committee
Group Audit and Risk Committee	£7,500
Group Nominations and Remuneration	£7,500
Erimus Housing - Operations and Development Committee	£5,500
Tees Valley Housing - Performance and Development Committee	£5,500
Board Member
Fabrick Housing Group	£5,000
Erimus Housing	£4,000
Tees Valley Housing	£4,000

In the event that a board member fails to attend Board/Committee meetings, the fee may be reduced or, in serious cases where a board member is seen to be not performing his/her duties properly, consideration will be given as to whether the board member should be removed from the Board.

To see current board member remuneration and expense payments click here.

To see current executive remuneration and expense payments click here.