6 Conclusion
19. We
are satisfied that Julian Ashby has the professional competence
required to chair the Regulation Committee of the Homes and Communities
Agency. We would like to draw the Secretary of State's attention
to the potential for a perception of conflicts of interest that
could arise as a result of Mr Ashby holding remunerated, non-executive
directorships with three not-for-profit companies raising funds
for housing associations. In particular, there is an issue as
to how his position as regulator would be addressed if he had
to deal with regulatory issues affecting these companies. Subject
to adequate arrangements being put in place to resolve these potential
conflicts should they arise or be perceived to arise, we recommend
that the Secretary of State proceed with the appointment, and
wish Mr Ashby every success in the post.
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