BCF Annual Handbook 2019/2020 handbook 2019 2 | Page 71

GOVERNANCE Board of Directors The main activity overseen by the BCF’s Board of Directors in 2018 was the purchase of Spectra House, BCF’s new home just south of Coventry, which opened on time in May 2018, and on budget, just 3 months after the purchase was completed. The office was officially opened by the Lord Mayor of Coventry at the end of June 2018. Given the BCF’s growth in financial reserves over the past few years, the Federation paid for the building (on a 99 year lease) outright in cash. Running costs will be significantly lower than the much smaller office in Leatherhead, and the benefit of a central location and 3 meeting rooms is already resulting in higher attendance at BCF meetings. Sam Balloch AkzoNobel Decorative Paints Anthony Garnett Fine Decor Wallcoverings David Beckford Nick Brannan Pronto Industrial Paints Flint Group Martin Garnett Sharon Harte Dacrylate Paints Whitford Darren Budd BASF Gary Coniam Owatrol UK Robert Jackson Ricoh David Jenkinson Domino Printing Sciences Rolling out the BCF roadmap in other areas was also progressed, with the launch of the BCF Apprenticeships, the extension of PaintSafe into industrial coatings and the new concrete and plastic packaging projects for PaintCare. In May 2018, the board unanimously agreed to support staying within the European Association, CEPE, and also agreed a joint statement from CEPE and BCF on the future relationship, regardless of the Brexit outcome. The 2018 financial result (turnover and surplus) was ahead of expectations in the 2018-23 BCF Roadmap. Given the BCF’s pension deficit, which will have its triennial valuation this year, a fixed charge on the building has been given to the BCF pension trustees. At the November board meeting, the BCF’s business continuity plan was reviewed and approved. Gordon Dobbin John Falder Mark Frost John Murphy Teal & Mackrill Vincent O’Sullivan Patrick Smith Fujichem Sonneborn Geoff Mackrill Peter Baird Peter Rieck Steve Snaith Mike Davis Anthony Davey Axalta Coating Systems UK Farrow & Ball Hiroshi Kawai HMG Paints Sun Chemical Jotun Paints Crown Paints PPG Architectural Coatings Manor Coating Systems Non-Executive Directors Paul Thomas Beckers Group Peter Tresadern INX International BCF ANNUAL HANDBOOK 2019/20 Ian Walker Sherwin-Williams Protective & Marine Coatings Guy Williams U-POL Products Non-Executive Director Non-Executive Director Non-Executive Director 71