Board Minutes - July 2017
Muir Group Housing Association Ltd:
Board Meeting Summary Notes - 20th July 2017
The following is a summary of key points discussed at the Board Meeting held on 20th July 2017:
- Financial Statements – year ended 31 March 2017 : the Board approved the Financial Statements 2017 and noted an excellent set of results. The Financial Statements 2017 for the Association’s subsidiaries, Muir Property Solutions Ltd, and Friends of Muir Group were also approved.
- Internal Controls Assurance: the Board reviewed a report from the Chief Executive and Directors detailing the Association’ systems of internal control. The Board agreed that the Association has an effective and reliable framework of internal controls together with effective risk management and governance processes in place to ensure it meets its objective.
- Appointment of External Auditor: the Board approved a recommendation from the Group Audit & Risk Committee to appoint Gant Thornton for external audit services with effect from September 2017.
- Performance Management Framework – Board KPIs (Key Performance Indicators): the Board received a report including a revised suite of KPIs which will be reported to the Board throughout the year as part of the new Performance Management Framework. Performance data for the new Board KPIs was also presented.
- Property Services Team Review – the Board approved a proposal to implement a new structure within the Property Services Team.
- Development - the Board approved that the Association should enter into contract for the acquisition of 6 Affordable Rent and 3 Shared Ownership units in Chester.
- Development & Stock Rationalisation – strategic discussion - The Executive Directors gave a presentation and lead a discussion around the strategic direction relating to increasing Muir Group’s development programme.