As of July 1, 2025, the Housing Corporations Authority (Aw) will adjust its approach to assessing the fitness and reliability of directors and commissioners of housing corporations. This approach aligns with the risk-oriented methodology of the Aw. The changes are documented in the renewed policy rule that the Aw will publish on July 1, 2025.
Shortened Application for Reappointment of Commissioners
When the chair of the supervisory board submits a request for an opinion on fitness and reliability regarding the reappointment of a commissioner, fewer and different questions are asked in the application form. The reason for this shortened application is that a positive opinion has already been issued at the time of appointment based on the provided information. Thus, there is already knowledge about the fitness and reliability of this commissioner. The shortened application procedure reduces administrative burdens without compromising the thoroughness of the assessment.
Interim Assessment as a Guarantee for Continuous Fitness and Reliability
The fitness and reliability of directors and commissioners is not only important at the time of (re)appointment but throughout the entire term. Therefore, the Aw has further developed the possibility of an interim assessment. This assessment is only employed in exceptional situations. Consider new facts or circumstances that raise doubts about fitness or reliability. Or when it turns out that incorrect or incomplete information was provided during the original assessment. The decision to initiate an interim assessment is embedded in a careful procedure, including hearing and counter-hearing. A positive outcome of this assessment is a good justification for the continuation of the duties as a director or commissioner. A negative outcome may lead to the withdrawal of the previously issued opinion.
Trust in the Sector
Good governance and good internal oversight of the governance are important for achieving the objectives in the corporate sector. But also for public trust in the corporate sector. With these adjustments, the Aw emphasizes that good governance is not a snapshot but an ongoing process. When directors and commissioners continuously meet the requirements of fitness and reliability, this contributes to trust in the sector. This requires ongoing vigilance and reflection, both from the governance itself and from the supervisory board.