Moved by
Lord Greenhalgh
73: After Clause 114, insert the following new Clause—
“Building safety directors of resident management companies
(1) This section applies in relation to a resident management company that is an accountable person for a higher-risk building.
(2) The articles of association of the resident management company have effect as if they included such provision as may be prescribed relating to—
(a) eligibility for appointment as a director of the company, for a building safety purpose;
(b) the appointment of a director for such a purpose;
(c) the entitlement to remuneration of a director appointed for such a purpose;
(d) the removal of a director so appointed.
(3) Subsection (2) has effect—
(a) whether or not the provision is adopted by the company;
(b) whether the company was formed before or after the coming into force of this section;
(c) notwithstanding anything in the company’s articles of association.
(4) In this section—
“building safety purpose” means the purpose of supporting the resident management company in complying with its duties under this Part or under regulations made under this Part;
“resident management company” has the meaning given by regulations made by the Secretary of State.”
Member’s explanatory statement
This new Clause makes provision about directors of a resident management company that is an accountable person.