RSH has concluded that A2Dominion Housing Group Limited has not met the required governance outcomes of the Governance and Financial Viability Standard
In a regulatory judgement published today (3 January 2024), the Regulator of Social Housing concluded that A2Dominion Housing Group Limited (A2Dominion) has not met the required governance outcomes of the Governance and Financial Viability Standard and, as a result, it has been downgraded to G3 status. Its current viability grade (V2) is unchanged.
RSH lacks assurance that A2Dominion has a robust risk management, internal control and assurance framework that enables it to manage and mitigate risks. The provider has failed to manage key risks effectively which has led to some poor outcomes for tenants.
RSH also lacks assurance that A2Dominion’s data and systems are adequate. These issues have led to the provider producing poor-quality data and hindering the board’s oversight of the organisation.
A2Dominion’s CEO and Chair have been positively engaging with RSH. The provider is working to address the governance issues identified by RSH’s investigation and return to a position of meeting the required governance outcomes.
Harold Brown, Senior Assistant Director for Investigations and Enforcement at RSH, said:
Notes to Editors