Croydon council is set to remove the chief executive and chair of its wholly-owned housing company, Brick By Brick from the board of the firm in response to a highly critical independent review of the business.

The council is set to appoint two experienced local authority finance directors in their place to oversee the review of the business, after a council-commissioned PwC review of the firm found it required “substantially improved financial oversight”, with no qualified financial director on the board.

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