Salad Money’s day to day leadership is provided by the Executive Directors.
Their focus is to deliver fair lending helping people avoid toxic high cost lenders.
Salad Money is overseen by a board of non-executive directors (NEDs).
The NEDs job is to ensure Salad Money stays true to its mission of providing fair lending and an avenue away from toxic high cost loans for people who need it. The NEDs are not involved in day-to-day management, but they use their wide experience to guide Salad Money’s strategy and development.
Salad Money has since its foundation, deliberately placed its oversight into the hands of an independent body of experts.
The PROB is chaired by Lord Iain McNicol a former Non-Executive Director on the Salad Money Board and is responsible for ensuring Salad Money does what it set out to do in a responsible way. The PROB report on Salad Money's progress to make sure its loans are affordable; its business practices are fair; and that 50% of its profit is invested in financial education and reducing the cost of loans. They will also report on Salad’s work with the results of the University of Edinburgh report into the financial health of NHS workers.
"PROB will help Salad Money play a growing role in ensuring that real help is given to NHS and public sector workers through access to fairer and affordable borrowing, and other steps towards achieving financial sustainability."