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Non-Executive Directors appointed to housing development company board

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Bath & North East Somerset Council has appointed two additional independent Non-Executive Directors to further strengthen and diversify its housing development company board to advise on housing development and related company governance matters.

Professor Alex Wright, Professor of Architecture at the University of Bath and Michelle Hyde, Regional Development Manager for Stonewater Housing Association will join the board of Aequus Developments Limited in December.

Martin Shields, the council’s Corporate Director, said “We received more than 30 applications of a very high standard for the positions and are delighted to appoint two highly qualified individuals who bring significant expertise to the Board.  Alex and Michelle will provide further resilience and diversity to the Board with their combined experience in architecture, design, development and governance”.

Aequus Developments Ltd was established in 2016 by the council to develop, deliver, own and manage property for both the rental and homeowner market.  It has a number of objectives including supporting the council’s ambition to help create an ongoing supply of modern energy efficient and sustainable homes, to be fully complaint in the provision of affordable homes, to improve the supply, quality and quantity of private rented housing across the district and to generate income for the council. The new board members will help to steer the company’s future direction to meet housing need across the district.

Non-executive board members are required to attend at least six meetings a year as well as supporting the board when required. They receive an annual remuneration of £4,000 including travelling and subsistence expenses.

For further information about Aequus Developments visit:  www.aequusdevelopments.co.uk

ENDS

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