Friday 22 September 2017

Councils To Lose Voting Rights And Have Board Membership Limited

The government quietly put legislation introducing the changes to parliament last week. They will affect dozens of stock transfer housing associations. Under the proposals, dubbed The Regulation of Social Housing (Influence of Local Authorities) Regulations 2017, councils will lose powers of veto over housing associations and the right to vote at general meetings. They will also have board membership limited to a maximum of 24% of the associations’ boards. This second change will force boardroom reshuffles at many housing associations up and down the country which were established with a third of local authority membership. Read more on Inside Housing.

No comments: