Decision details

Memorandum and Articles & Management Agreement - Stockport Homes

Decision Maker: Corporate Director (Corporate and Support Services) and Deputy Chief Executive, Corporate Director for People

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

On 11 November 2014, the Executive gave approval to a further management agreement being offered to Stockport Homes Ltd for the management of the Council’s Housing stock. This report will seek Executive approval for the broad principles that will be included within the new management agreement, and delegated authority to agree the final detailed terms.


Decision:

At the meeting of the Executive on 21 July 2015, approval was given to the principles of the new Agreement, Memorandum and Articles of Association for Stockport Homes.  Authority for the conclusion of the Agreement, Memorandum and Articles of Association, based on the principles endorsed by the Executive, was delegated to the Corporate Directors for Corporate and Support Services and for Place Management & Regeneration in consultation with the Executive Councillor (Thriving Economy).

 

Authority was similarly delegated to determine the remuneration for members of the Board, subject to the receipt of recommendations of the Council’s Independent Remuneration Panel.

 

The Independent Remuneration Panel submitted its final report to the Council on 21 September 2015 detailing its recommendations in relation to Board Member Remuneration, but which also included ancillary recommendations relating to the indexation of any such remuneration and the eligibility of any elected member to receive remuneration for their service as a Board Member.  The effect of these recommendations were to:-

 

(i)            delete that part of paragraph 9(4)(a) of the Articles of Association which states “…as a proportion of the Basic Allowance payable to an elected member of the Council Member”.

(ii)          delete the entirety of paragraph 9(4)(b) of the Articles of Association which states “No sum shall be paid to a Board Member who is an elected member of the Council Member.”

 

The Corporate Directors for Corporate and Support Services and for Place Management & Regeneration in consultation with the Executive Councillor (Thriving Economy) have subsequently given final approval to the Agreement, Memorandum and Articles of Association for Stockport Homes which incorporates the amendments recommended by the Independent Remuneration Panel.

Alternative options considered:

None.

Interests and Nature of Interests Declared:

None.

Reason Key: Affects 2 or more wards;

Wards Affected: (All Wards);

Equality and/or Environmental Impact Assessment: N/A

Decision Reference: ODCS28/ ODPL33

Declarations or conflicts of Interest: None.

Forward Plan Reference: SG1/ TE1(CCCS30/ EDR34)

Other reasons / organisations consulted

Stockport Homes Member Committee
Adult Social Care & Housing Scrutiny Committee
Executive

Contact: Paul Lawrence, Services for Place Email: paul.lawrence@stockport.gov.uk Tel: 0161-474-4515 Andy Kippax, Services to Place Email: andy.kippax@stockport.gov.uk Tel: 0161 474 4319.

Publication date: 25/09/2015

Date of decision: 22/09/2015

Accompanying Documents: