Further to Minute 78 of the meeting of Policy Committee held on 26 March 2019, the Assistant Director of Legal & Democratic Services submitted a report asking the Committee, acting as shareholder of Homes for Reading (HfR), to agree the appointment of the Director of Economic Growth and Neighbourhood Services to the HfR Board.

The report noted that the Committee, acting as HfR shareholder, had agreed changes on 26 March 2019 including refinancing of the company and a direction not to acquire any further properties.  The company had moved to a revised ‘own and manage’ business strategy.  With the transition to new arrangements and staff departures there had been a number of changes to the HfR Board.  The HfR Managing Director had left the company, and would not be replaced under the new arrangements, and the two previous RBC officer directors had also left the Council.  It was therefore proposed that the Director of Economic Growth and Neighbourhood Services be appointed as the sole officer Director, acting as a point of contact between the Board and the services provided to HfR by the Council, which sat mainly within her Directorate.

Resolved –

          That Frances Martin (Director of Economic Growth and Neighbourhood Services) be appointed as a Director of Homes for Reading.