Styles House TMO is a company registered with the Financial Services Authority and will have a contract to manage housing services on behalf of Southwark Council, set out in a Management Agreement. According to its constitution/rules, the TMO is run by a Board of between five and nine residents who have overall responsibility for the management of the company. The Board is elected each year at the annual general meeting (AGM) by the shareholders.
Styles House is a small TMO and needs to work efficiently. Sub Committees will be kept to a minimum. The main Board will monitor repairs, cleaning, caretaking and procurement. There will be four specialist Sub Committees which support the Board of Management in its workload and responsibilities:
Finance (audit, income and expenditure, arrears control, payroll, VAT, cheque and payment authority signatories, financial reporting)
New Office/Income generation (strategy and pricing for community hall and other income generating initiatives)
Human Resources (performance, terms and conditions, welfare, annual leave, sickness, salary)
TRA social committee (events, Open Gardens scheme)
Communications (website and information systems)
Styles House TMO is committed to meeting the highest standards of governance. To ensure compliance with regulatory requirements and the management agreement, we will keep our governance arrangements under constant review. As part of this process the Board will complete an annual self assessment and hold a Board Away Day each September to review its current performance and agree an action plan to ensure it continues to be effective and add value.