Download - Company Secretaries’
Company Secretaries’
Conference 2013
B8: The effect of 21st century business models
Speaker: Sharron Webster
Partner Trowers & Hamlins
Chair: Stephen Bull
Head of Governance & Company Secretary National Housing Federation
21st century business models Sharron Webster – Partner 11 June 2013
Emerging trends
• Group restructuring
• Corporate style groups
• Collaborations
• Diversification and
commercialisation
Guinness Group
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From this …
Aster Group
Aster
Property
Management
Limited
Non Charity
Company
Aster Group Limited
Parent
Charitable RP
Testway
Housing
Limited
RP Charity
Company
Housing and
Care
Sarsen
Housing
Association
Limited
Charitable RP
IPS Housing
and Care
Ridgeway
Community
Housing
Association
Limited
Charitable RP
IPS Main care
provider
Flourish
Homes
Limited
RP Charity
Company
Housing
Sarsen
Community
Development
Devco
Synergy Housing Group
Synergy Housing Group
Parent
Charitable RP
Purbeck
Housing
Trust
Weymouth
Portland
East Dorset
Housing
Association
Aster / Synergy merger
Aster Group Limited
Parent
Charitable
Aster
Communities
Charitable RP
Synergy
Housing Limited
Charitable RP
Aster Living
Charitable
Non RP
deregistered
Aster Property
Company
Repairs and
maintenance
Aster Homes
Company
Property
development
New corporate style groups
Parent Co
Non RP
RP New Homes
Co
Management
Co
Private Sector
Rent Co
Facilities
Management
Social enterprise groups
Parent
x
Independent
futures
Family and
community
support
Accessible
transport
Education
platform
Drug and
rehabilitation
Sports forum
Strategic alliance
Devon and
Cornwall
Housing
West
Devon
Homes Strategic alliance
Out of sector partnerships
RP
Community
College Strategic alliance
Education
Charity
Member 1
Member 2
Member 3
CSV
Third Party
Supplier
Normal VAT rules apply
to supplies of goods and
services
Normal VAT rules apply to supplies
of goods and services
VAT
exempt supply of
services
VAT
exempt supply of
services
Non-Member
VAT
exempt supply of
services
Cost sharing groups
Cost sharing collaborations
Housing Leadership Forum
HLF
RE Jobs at Home RE
RP RP RP
Community partnerships
Other trends
Multi-service group
RP
Trading Co Dev Co
Multi
Academy
Trust
Leisure
Company
School School School
Mergers
Overlapped board
structure / virtual
merger / common
purpose boards
Commercialisation and diversification
• Private sector renting
• Corporate acquisition
• Trading companies
• Devco / management companies
• Shared services
• Joint ventures for development
• New vehicles – CICs, CLTs, CIOs
• Funding vehicles
HCA discussion paper
Ring-fencing
Boards for the 21st century
• Meeting the demands of new business models
• What should the boards of tomorrow look like?
• What skills will board members need to manage risk in
this environment?
Demands
Demands on boards and board members
• Finding innovative ways to move forward
• Understanding new and unfamiliar business streams
• Governing ever more complex groups
• Understanding and keeping track of increasingly
complex deals and financing arrangements
• Defining priorities in a needy world
• Avoiding mission drift (and staying intra vires)
• Keeping the right side of the regulator and the lenders
• Managing greater demands on time:
- Multiple board/committee membership
- Delegation
- Meeting cycles
Keeping the house in order