water resources east
London
As a membership organisation, our Articles of Association detail two tiers of
membership, namely Primary Funding Members (PFMs) who form the Board of
Directors and Standard Members who form the Strategic Advisory Group. Whilst WRE
is independent of any controlling interest by individual organisations or
sectors, it is dependent upon those organisations represented on its Board of
Directors to resource its day to day running. Those organisations represented on
the Board must make meaningful contributions that collectively fund or otherwise
facilitate WRE’s function. These can be a direct financial contribution of a
minimum 3% of the day to day operational costs for the organisation (salaries,
accommodation and expenses), or an ‘in kind’ contribution which is equivalent to
a 3% direct contribution. This can take the form, for example, of the provision
of a support service which reduces the overall operational cost of the business.
For organisations wishing to make donations ‘in kind’, the Board of Directors in
place at that time will decide whether the contribution is sufficient for an
organisation to become a PFM. PFMs will nominate a named individual within their
organisation for appointment as a non-executive director of the company.
Contributions will be disclosed to the other PFMs. THE BOARD OF DIRECTORS
SPECIFIC DUTIES INCLUDE: Setting of the overall strategy and vision for Water
Resources East. Appointment of the Chairman and the Managing Director
Remuneration policy for the Chairman, Managing Director and Technical Director
Approval of the annual budget and the Business Plan Appointment of new Directors
and approval of applications from Standard Members. Appointment of
sub-committees and specific working groups, and approval of resources for the
delivery of key workstreams.
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