7 July 2006

The ARLA/NAEA consultation process is moving forward to consider the broad structures that could be involved in any amalgamation of interests.

Following the formation of a joint working group and full discussions at the level of each organisation’s Councils, it was seen that in order to satisfy and safeguard the interests of each organisation and its members there will be the need for an overarching board to be formed with directors drawn from each organisation and possibly an independent chairman.

There would be two divisions, each retaining its own brand name, ARLA and NAEA, and operating with their own Presidents. They would be overseen by a streamlined and more transparent governance structure. The management board of the new overall company would oversee the working operational framework, consider wider strategy and policy issues and set budgets.

A single secretariat would facilitate all the common operational and support functions across the divisions.

This is seen as the most productive way to draw on the combined strengths of each organisation. It can preserve their integrity and expertise and let them remain focussed on their own sectors of the property industry. This structure also allows for the future development of other specialist divisions or the involvement of any other representative body that might be interested in joining in the future.

The joint leaders of consultations, NAEA President Charles Smailes and ARLA President Robert Jordan said, "Both organisations are working hard on the outline proposals that, if recommended by the ARLA and NAEA Councils, will be put to our memberships for comment and a decision at Extraordinary General Meetings. These will be held simultaneously, probably before the end of the year."

The two Presidents concluded that there is still a lot of work to be done on all the various options that should be put to the memberships. "It will be impossible and impracticable to have every last detail finalised at this stage. However, we must ensure that sufficient information on the broad details and structure are given to our members so that they, and they alone, can make a decision about whether we then move forward to an amalgamation," they said.
 

 

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