Invitation to Tender – Chair, 2x Board Members, 2x Committee Members
Reall is seeking to recruit five new non-executive positions. A Chair of the Board, two Board members and two members of the Board of Green City Homes International (a fully owned subsidiary of Reall).
We are seeking to hire a professional firm to support the recruitment.
The recruitment firm will work closely with the Chair and Chief Executive, as well as the wider Selection Committee and whoever they delegate authority to.
About Reall
Reall is an innovator and investor in climate-smart affordable housing for people living on low incomes in urban Africa and Asia. We provide specialist consulting services in housing including project preparation, pipeline development, end user financial modelling, risk and project management that integrate with large scale infrastructure and sustainable cities projects.
Our Approach
Safe, serviced, quality housing is a critical component of building resilience for the most vulnerable communities in the world. Reall demonstrates innovative climate-smart models of gender-sensitive, affordable housing with integrated water and sanitation, utilising innovative housing finance solutions. Leveraging green building certificate tools including the IFC EDGE, Reall promotes the introduction of circularity within the built environment as we transition to low carbon, climate-smart homes. Reall’s business model relies on making investments at below market rates to country based housing development, fintech or research partners to deliver against agreed targets in affordable housing schemes across Asia and Africa. In so doing, we create commercial opportunities for country-based engineering, construction, energy and water, digital and research providers.
Our Purpose
3 billion people are expected to be living in informal housing by 2050. Reall’s purpose is to improve the lives of people in urban Africa and Asia through affordable housing. We’re doing this because homes are not just a fundamental human right; they unleash unimaginable human potential to shape a future of gender parity, climate resilience, clean air, renewable energy, and socio-economic justice.
Reall is now looking to take on a more commercial direction, and are in early talks with potential financiers to provide capital funding in a special purpose vehicle set up to invest in green affordable housing targeting the urban bottom 40%-60%.
Reall has a strong Board, as well as an Audit Committee and a separate Board for the fully owned subsidiary Green City Homes International.
Chair
We are seeking an experienced Non Executive (not necessarily as a Chair) with some combination of strategy, governance, investment, housing, infrastructure, technology, business development, urbanisation, Africa/Asia.
Board Members
There are no specific skill gaps to be filled and we are open to individuals new to Non-Executive work. We would look for a mix of strategy, governance, investment, housing, infrastructure, technology, business development, urbanisation, Africa/Asia. Ideally two of the three appointments (with the Chair) would be women and a minimum of two of the three appointments with strong Africa/Asia experience.
Present Board
We have a high calibre Board of three women and five men; four UK-based, four internationally based with two based in our priority markets.
Green City Homes International Members
We are particularly looking for impact investment experience ideally in Africa and/or Asia. We are open to individuals new to NonExecutive work.
We welcome applications from women and under represented people.
Timeline
Further information
Deliverables
All deliverables will be agreed by the Selection Committee or an agreed sub-group of the Selection Committee with the appropriate delegated authority.
- Finalise the Job Description for each role.
- Finalise the recruitment brochure.
- Undertake thorough candidate research, due diligence, engagement and identification.
- Propose long list for decision making.
- Undertake initial interviews.
- Propose short list for decision making.
- Attend final interviews.
- Support offer, due diligence, and appointment.
Completed Declarations and Principles of Working with Reall which confirms:
Reall is a signatory to the UN Global Compact principles which align our strategies and operations with universal principles of human rights, labour, environment and anti-corruption. It is a requirement of conducting business with Reall Limited that you accept responsibility for the human rights, labour, environment and anti-corruption conditions in your supply chain or on which you supply goods and services. If there is a serious breach of any provision of the Declarations and Principles of Working with Reall, and/or you refuse to implement the required corrective action, Reall Limited will be entitled to terminate any Agreement or any Orders immediately on written notice.
Therefore, in summary in signing the declarations and principles you or your organisation are confirming that you or your organisation has:
The capacity and resources to deliver the contract as set out in the terms of reference.
Embraces non-exploitation and respect for human rights and working conditions.
Shall take all appropriate measures to prevent modern slavery, sexual exploitation or abuse of anyone by it or by any of its employees or any other persons who may be engaged by the Contractor to perform any services under the Contract.
Please note that all proposals shall be rejected, and contracts terminated, where the tenderer or candidate has been found to engage in corrupt, fraudulent, collusive or coercive practices
Submit Application
Please send a response by 10:00 am on Monday 8th April to this ToR to Catherine Burchnall, Governance Manager at [email protected] including copies of CVs of those working on this project and a proposal documenting timeframe, proposed activities and costs. Please include the following information:
• Brief understanding of the task
• Work plan and timetable
• Details of your and/or your organisation’s experience in delivering similar pieces of work/services (including the names of past clients)
• References for similar work/service
• A proposed all-inclusive fee (excluding VAT) for the completion of the work/delivery of service and details of any other expenses where applicable
