Cabinet is recommended
to:
- Approve in principle the establishment of a wholly owned housing
company limited by shares.
- Delegate to the Executive Director of Finance and Corporate
Services in consultation with the Cabinet Member for Finance and
Reform and the Director of Legal Services:
- to
incorporate the company, establish its article of association and
such other documents that are necessary to enable the establishment
of the company, its board and governance
structure.
- to
take any necessary steps including
procuring and appointing any consultants or
suppliers to support the governance of the company, and support
feasibility studies on any trading activity that company may
undertake subject to future decisions.
- Appointment of
company directors.
- Note
that the company business case/s prior to incorporation of the
company with be brought back to Cabinet for
approval.