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The Ethical Property Company

Governance and people

Governance

The Company is owned by its shareholders and each share entitles the shareholder to one vote. In order to ensure the company remains true to its ethical values and mission, it has created the Quintessentials, five essential principles of ethical governance for members of the Ethical Property family.

The Company has enshrined its commitment to the Quintessentials in its articles. Sister companies in France, Belgium and Australia have also signed a contract with the UK company in which they agree to abide by the Quintessentials.

The Ethical Property family

Company holdings and interests Holding Value (£) Value (€)
Ethical IT LLP 50% 45,000 -
Social Justice and Human Rights Centre Ltd
(The Foundry)
40.7% 1,700,000 -
Ethical Property Europe SA 33% - 1,692,308
ETIC (France) <2.25% - 10,000
Ethical Property Foundation - - -
Ethical Property Australia 48.8% 54,103 -

The Company has investments or interests in six other companies and one charity in the UK and abroad. In all but two cases it has representation on the board of directors or trustees of that organisation.

Shareholders

Four largest shareholders

Shareholder % held
BNY (OCS) Nominees Ltd 10.71%
Rathbone Nominees Ltd 6.87%
Individual Shareholder 5.66%
Trustees of Esmée Fairbairn Foundation 3.83%

Shareholder distribution, %

Total number of shares in issue

14,910,708

Annual General Meeting

Usually it takes a business three to four months from the accounting year end to produce its annual report. The AGM is usually held two to four weeks later. Any dividends are usually paid around three to four weeks after the AGM.

Next AGM

March 2019

How many shareholders voted at the last AGM?

At the 2016/17 AGM approximately 66% of the total shareholders of the Company voted on the proposed resolutions

People

Management

The Company was founded by Jamie Hartzell and Andrew King in 1998. Andrew remained a Director until 2005 and Jamie was the Company's Managing Director until 2011 before handing over to Susan Ralphs who was at the helm until May 2018.

The Company is run by Conrad Peberdy (interim Managing Director) with the help of his Senior Management Team, consisting of the Director of Finance, Director of Special Projects and Director of Operations.

Senior management team

Non-executive directors

Salary Ratio

The ratio of the salary of the highest paid to the lowest paid employee.

Salary Ratio 4.8:1.

The company's Quintessentials set a target of 5:1.

The Ethical Property Company has been a Living Wage Employer since 2013.

Directors' remuneration

Directors’ remuneration for 2017 was £62,969

Diversity

On average, women working for the company are paid more than men, making it one of the best performing companies in the UK.

Employee satisfaction

EPC's 2017 staff survey again showed high levels of enthusiasm amongst staff for working for the company, and a pleasing degree of shared values. Over 94% said that they enjoyed working for the company and 98.5% felt that they fully or partly agreed with the company’s values.

Minimum salaries are set at the Living Wage which is currently £10.20 per hour in London and £8.75 outside. This compares to £7.83 for the legal Minimum Wage. Staff benefits include 25 to 28 days paid holiday over time as well as all statutory bank holidays; enhanced sickness, maternity, paternity and adoption pay. Other benefits include a contribution to a stakeholder pension of 3% to 7% of gross salary, a Company bicycle and childcare vouchers, season ticket loan and interest free loans.

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