Corporate and financial information

Corporate governance is the system by which organisations are directed and controlled.

As a Society, we are committed to best practice in corporate governance. We adhere to the UK Corporate Governance Code, issued by the Financial Reporting Council, and we meet the guidance for building societies issued by the Prudential Regulation Authority and Financial Conduct Authority.

Our day to day management is delegated to a team of Senior Executives led by Chief Executive Mark Bogard with oversight by an Elected Board.

The principal function of the Board is to determine the strategy and policies of National Counties Group within an effective control framework, which enables risk to be assessed and managed. The Board ensures that the necessary financial and human resources are in place so we can meet our objectives and reviews our business and management performance.

The Board also ensures that the Group operates within the Society's constitution with relevant legislation and regulation. It makes sure that proper accounting records and effective systems of business control are established, maintained, documented and audited.

The Board has five committees: the Audit, Board Risk, Remuneration, Nomination and Executive Committees. The Terms of Reference for each committee can be found below.

The first three are comprised only of Non-Executive Directors and have different Chairmen, none of whom is the Chairman of the Society.

• Audit Committee - Terms of reference
• Board Risk Committee - Terms of reference
• Remuneration Committee - Terms of reference

The Remuneration Committee believes that it is increasingly important for you, our members to understand how our Directors and staff remuneration has been calculated. You can therefore see our Remuneration Policy Statement here.

The Nomination Committee is comprised of the Chairman and Vice Chairman of the Board plus the Chief Executive.

• Nomination Committee - Terms of reference

The Executive Committee (ExCo) is comprised of the Chief Executive who shall be Chairman, the Executive Directors and other senior executives as are appointed by the Chief Executive.

• Executive Committee - Terms of reference

At the end of each financial year we publish our annual report and accounts.

The National Counties Group assets increased by 11% in 2025 to £2,936 million supported by reserves of £172.5 million and a Common Equity Tier 1 ratio of £17.8%. For more details please refer to the 2025 Annual Report and Accounts.

2025 Annual Report and Accounts

2025 Summary Financial Statement (Member's Update)

2024 Annual Report and Accounts

2024 Summary Financial Statement (Member's Update)

Capital Requirements Directive - Pillar 3 Disclosures
We are required to display the following documents under the Capital Requirements Directive:
2023 Pillar 3 Disclosure
2022 Pillar 3 Disclosure

Under the Small Domestic Deposit Takers regime of which the Society is now part, the Society will no longer be publishing disclosures under Pillar 3.

Country by Country Reporting
Country by Country Reporting 2025 - Please see Note 32, page 117 of the audited 2025 Annual Report and Accounts
Country by Country Reporting 2024 - Please see Note 33, page 113 of the audited 2024 Annual Report and Accounts

Society Rules effective from 30 September 2021
Society Rules Booklet 2021

Society Memorandum
NCBS Memorandum - 1998 Edition

Our statement on modern slavery and human trafficking is available to view on our website.

View the statement regarding our Supplier Code of Conduct.

Find out about the charitable assignment scheme which helps to meet the needs of our genuine savers and ensure service remains focused on our Members' best long term interests.