Why we are engaging with Govan Housing Association Ltd (Govan)
We are engaging with Govan about its governance.
We have been engaging with Govan since July 2024 to seek assurance about its approach to governance, strategic leadership and its compliance with regulatory requirements including the Standards of Governance and Financial Management (the Standards).
In October 2025, Govan shared the findings and recommendations of an independent governance review which found compliance with the Standards but also identified a number of improvement actions.
Govan has produced an improvement plan to implement the recommendations from the independent governance review. Govan has already progressed a number of improvement actions and aims to complete its improvement plan during 2026. Govan will also progress leadership and culture training with its staff and governing body members.
We will continue to engage with Govan to monitor the delivery of its improvement plan.
Govan continues to engage with us openly and constructively.
What Govan must do
Govan must:
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send us quarterly updates on its progress with implementing its improvement plan; and
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tell us when it considers all actions in the improvement plan to be addressed.
What we will do
We will:
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review Govan’s quarterly updates on progress with implementing the improvement plan actions and engage as necessary; and
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update our published engagement plan in the light of any material change to our planned engagement with Govan.
Regulatory Returns
Govan must provide us with the following annual regulatory returns and alerts us to notifiable events as appropriate:
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Annual Assurance Statement;
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audited financial statements and external auditor’s management letter;
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loan portfolio return;
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five year financial projections; and
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Annual Return on the Charter.
It should also notify us of any material changes to its Annual Assurance Statement, and any tenant and resident safety matter which has been reported to or is being investigated by the Health and Safety Executive or reports from regulatory or statutory authorities or insurance providers, relating to safety concerns.