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In the United Kingdom, an arms-length management organisation (ALMO) is a not-for-profit company that provides housing services on behalf of a local authority. Usually, an ALMO is set up by the authority to manage and improve all or part of its housing stock. Ownership of the housing stock itself normally stays with the local authority.
Prices charged are considered arm's length where the costs are allocated in a consistent manner among the members based on reasonably anticipated benefits. For instance, shared services costs may be allocated among members based on a formula involving expected or actual sales or a combination of factors.
The arm's length standard is instrumental to determine how much of the profits should be attributed to one entity and, consequently, the extent of a country's tax claim on such entity. The OECD has developed thorough guidelines on how the arm's length principle should be applied in this context. [4]
The UK government's definition in 1997 of a non-departmental public body or quango was: A body which has a role in the processes of national government, but is not a government department or part of one, and which accordingly operates to a greater or lesser extent at arm's length from Ministers. [24]
An arm's length merger is a merger: approved by disinterested directors and; approved by disinterested stockholders: ″The two elements are complementary and not substitutes. The first element is important because the directors have the capability to act as effective and active bargaining agents, which disaggregated stockholders do not.
YPO: see Yorkshire Purchasing Organisation; WECA, the West of England Combined Authority, operates a framework agreement for professional services related to highways. West Mercia Energy (WME) is a Public Buying Organisation specialising in the procurement of energy and associated services across the UK public sector. WME originated within West ...
Innovate UK (formerly the Technology Strategy Board) was an Arms Length Body of the Department of Trade and Industry, while Research England succeeded the former Higher Education Funding Council for England. Research England is responsible for the Research Excellence Framework, or REF, and is developing a new knowledge exchange framework, KEF. [8]
Glasgow Life is the principal trading name and brand of Culture and Sport Glasgow, a charity based in Glasgow, Scotland.It is an Arms' Length External body from Glasgow City Council, [2] with operating responsibility for managing the arts, music, sports, events, festivals, libraries and learning programmes for the council. [3]