Purpose

to update Cabinet on the review of Council
owned companies and to recommend to Council associated amendments
to the Constitution

Content

RESOLVED that Cabinet: -
Notes the establishment of the Shareholder Advisory Board and
the Shareholder Operations Board.
Cabinet RECOMMENDS that
Council: -

(a)         
Approve the Shareholder Advisory Board and
Shareholder Operations Board Governance Framework for inclusion in
the Council’s Constitution;

(b)         
Approve the Guidance to Councillors and Officers
Appointed to Outside Bodies for inclusion in the Council’s
Constitution; and

(c)         
Delegate authority to the Monitoring Officer to take
all steps necessary to ensure the Council’s Constitution
remains up to date in respect of these documents.
Voting: Unanimous
Portfolio Holder: Transformation, Resource and
Governance
Reason
To ensure that all
Council owned companies operate within effective and transparent
governance.