The Director of Economic Growth and Neighbourhood Services submitted a report asking the Committee, acting as shareholder of Homes for Reading (HfR) to approve amendments to HfR’s Articles of Association, to reflect the new and reduced composition of the company’s Board of Directors.  The proposed Articles of Association were attached to the report at Appendix A with changes marked.  The proposed changes were to reduce the quorum for a Board meeting from five to three directors, including an officer director.

Attached to the report at Appendix B was the wording of the Special Resolution to be passed by the Committee and signed by the Chair for filing at Companies House.

Resolved –

          That a Special Resolution be passed by the Committee, acting as the sole member of Homes for Reading, in order to approve the amended Articles of Association as attached to the report at Appendix A.

(Councillor Ennis declared an interest in this item, left the meeting and took no part in the debate or decision.  Nature of interest: Councillor Ennis was a Director of Homes for Reading Limited.)