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Directors
The Directors of the Company who were
in office during the year, or from the date
of their appointment, and up to the date of
signing the Financial Statements were:
Director Board
Patrick Newberry Chair & Independent Non‑Executive Director
Caroline Fawcett Senior Independent Non‑Executive Director
Mike Peck Independent Non‑Executive Director
Elizabeth Lockwood Independent Non‑Executive Director
Tim Harvey‑Samuel Non‑Executive Director
Michele Ibbs Non‑Executive Director
Donald Kerr Chief Executive Officer
Richard Hanrahan 1 Chief Financial Officer
Directors’ report Andrea Hodgson 2 Chief Financial Officer
Mike Hudson Chief Risk Officer
Introduction
1 – Appointed on 26 September 2024
The Directors of Cambridge & Counties
2 – Resigned on 30 September 2024
Bank Limited present their report and
audited Financial Statements for the year
ended 31 December 2024, in accordance The biographies of the Bank’s Directors are
with Section 415 of the Companies set out on page 63.
Act 2006.
The following information is Power of Directors
incorporated into this Directors’ Report:
The Directors are responsible for managing
The information in the Section 172 the business of the Bank and may exercise
statement on page 13 on employee all the powers of the Bank so long as the
engagement and relationships with Articles or applicable legislation do not
customers, suppliers, and others; stipulate that any such powers must be
exercised by the shareholders.
The internal control and financial
risk management systems described Directors’ indemnities
in ‘How the business is managed’
section of the Corporate Governance Each Director has the benefit of a deed of
Statement on page 42; and indemnity which constitutes a ‘qualifying
third party indemnity provision’. This
The diversity and inclusion section indemnification for Directors provided by
of the Nominations & Governance the Bank has been arranged in accordance
Committee report on page 49.
with the Articles and the Companies Act
2006. The indemnities remain in force
Results and dividends at the date of signing these Financial
Statements and are available for inspection
The Statement of Comprehensive at the Company’s registered office.
Income and Statement of Financial
Position for the Bank can be found on Directors’ emoluments waiver
pages 80 and 81. The Directors do not
propose to pay a dividend in respect We confirm that during the financial year
of ordinary shares for the year ended ended 31 December 2024, there were
31 December 2024 (2023: Nil). no waivers of emoluments by any of the
Directors of the Company.
