Agenda item

Nomination of Directors report (report published on 14.2.24)

Minutes:

The Chief Executive introduced a report that sought to appoint two Directors to the Board as nominated by the Board of Morehomes for the Bay (Developments) Limited and Morehomes for the Bay (Investments) Limited.

 

Following the Board meetings of 2 February 2024 the Chair of the Board of Directors nominated Alex Kinch in his role as Chief Officer – People and Policy, and Will Griffith in his role as Chief Officer – Environment and Place to the Board of Directors for Morehomes for the Bay (Investments) Ltd and Morehomes for the Bay (Developments) Ltd.

 

The options, options analysis, including risk assessment and officer preferred option, were set out in the report, as follows:

 

 

Option 1: Appoint both nominees to the Board of Directors for Morehomes for the Bay (Investments) Ltd and Morehomes for the Bay (Developments) Ltd.

Option 2: Appoint only one nominee to the Board of Directors for Morehomes for the Bay (Investments) Ltd and Morehomes for the Bay (Developments) Ltd.

Option 3: Do not appoint either Alex Kinch or Will Griffith to the Board of Directors for Morehomes for the Bay (Investments) Ltd or Morehomes for the Bay (Developments) Ltd.

Advantages

Morehomes for the Bay will be able to proceed in bringing forward future related items of business to the Shareholders Committee and Cabinet.

Morehomes for the Bay will be able to proceed in bringing forward future related items of business to the Shareholders Committee and Cabinet.

None known.

Disadvantages

None known.

Morehomes for the Bay will be able to proceed in bringing forward future related items of business to the Shareholders, Committee and Cabinet, however resilience will be limited.

Not appointing a new Director will result in business of the Companies not being able to be progressed, or significantly delayed whilst an alternative Director is sought.

Risks

No specific risks known.

Limited resilience would be had within the Companies should a Director be on leave / have a period of absence.

Not appointing a new Director to the Boards will result in business of the Companies not being able to be progressed, this will effectively result in the Companies being unable to perform its required functions including approval of accounts.

 

The officer preferred option is Option 1. In appointing both Alex Kinch and Will Griffith to the Board of Directors will result in day-to-day operational matters for the Companies being able to be progressed, whilst providing a degree of resilience for periods of leave / absence.

 

It was proposed by Councillor Ainscough, seconded by Councillor Caroline Jackson  and resolved unanimously when put to the vote:

 

Resolved unanimously:

 

(1)        That Alex Kinch in his capacity of Chief Officer – People and Policy, be appointed to the Board of Directors of Morehomes for the Bay (Developments) Limited and Morehomes for the Bay (Investments) Limited.

 

(2)        That Will Griffith in his capacity of Chief Officer – Environment and Place be appointed to the Board of Directors of Morehomes for the Bay (Developments) Limited and Morehomes for the Bay (Investments) Limited

Supporting documents: