Introduction & 2019 report
Ninety’s mission and vision is an altruistic one. As a legally-incorporated social enterprise, we are held accountable for our commitment to that vision not only by the Regulator of Community Interest Companies, but by an independent Ethics Board. Our Ethics Board has operated since 2014.
Reports for previous years are provided below:
Terms of Reference
Our Ethics Board exists to hold Ninety to account for ethics, integrity and compliance with our mission and vision. The Ethics Board meets once a year to consider evidence on process, financials, and culture. During the remainder of the year, Members of the Ethics Board provide direction and advice on an ad-hoc basis.
The Terms of Reference for the Ethics Board gives them responsibilities in the following areas:
- Distribution of profit: to recommend the principles behind the amounts made available for distribution annually; to confirm that the 90% and 10% of distributable profit are properly set aside and protected; to create and amend policies governing the 10% profit share to Ninety’s people; and to review and make recommendations on the grant and investment policy of the Ninety Foundation.
- Directors’ remuneration: to review and make recommendations regarding remuneration of Directors and Trustees.
- Ethical, social and environmental guidance: to advise and challenge on company and Foundation practices to maintain a high bar around integrity and ethics.
- Stakeholder feedback: to obtain or receive feedback from Ninety’s people, clients, investors, partners and wider society, in relation to ethical behavior and distribution of profits.
The Ethics Board has the authority to challenge the Board of Ninety CIC and/or the Trustees and Members of the Ninety Foundation CIO.