What is the relationship between the Parent organisation and the subsidiaries?
The housing association subsidiaries of The Adactus Housing Group Ltd retain a high level of autonomy in deciding how local housing management services should be delivered and they collectively appoint over half of the Parent’s Board of Management. Group control is established through the Parent having the right to appoint the Board of any subsidiary that fails to meet its business plan or whose actions prejudice the Group’s registration or reputation. This relationship is governed by a Procedure Agreement signed by each subsidiary that details how the Parent may intervene and appoint the subsidiary board.
