Heads of Terms. This section sets out the key principles of the new Group structure and governance arrangements, to which the Council’s agreement is sought, both as a member of Magenta Living and under the Transfer Agreement for the transfer of the Council’s housing stock to Magenta Living. (a) Changes to Magenta Living’s Articles of Association to make it a subsidiary in the new ‘New Magenta Housing Group’ (b) Appointment of the Group board (c) Other changes to Magenta Living’s Articles of Association
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Sources: Proposed New Group Structure Heads of Terms, Proposed New Group Structure Heads of Terms