The ARLA and NAEA discussion process progresses today with the consideration of the broad structures that could be involved in any joining of interests.
ARLA and the Naea will remain as two distinct divisions, each retaining its own brand name and operating with their own Presidents. A board will oversee the working operational framework of the new company, in order to satisfy and safeguard the interests of each organisation and its members. It will be charged with considering wider strategy and policy issues and setting budgets. Directors for this board will be drawn from each organisation with an independent chairman.
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.
6th July 2006
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