Purpose

To consider the report summarising the council’s interests in
companies, details of who fills the key roles in respect of
interaction with the company and how this worked will be governed
in the future.
.

Content

Agreed:
 
Exeter City Group
Limited
 
RECOMMENDED
that Council approve:-
 
(1) 
to grant delegated authority to the Chief Executive
as shareholder representative to issue and sign the written special
resolutions in Appendix 1 of the report to amend the Articles of
Association of Exeter City Group (ECG) and Exeter City Living (ECL)
to:-
 
a)   
reduce the objectives of both companies to holding
and managing property;
b)   
operate with a minimum of one Director;
c)to delegate
authority to the Chief Executive as shareholder representative to
make any further amendments to the constitutional documents of ECG
and ECL and where appropriate any subsidiaries of ECG to reduce the
company structure to a single company;
d)to delegate
authority to the Chief Executive as shareholder representative to
wind-up and dissolve the dormant subsidiaries of ECG namely Exeter
City Homes Limited and Exeter City Living Property Limited and, at
a later date ECG, itself;
e)to approve the
Business Plan for 2025-26; and
f) 
to delegate authority to the Strategic Director for
Corporate Resources to annually agree the management fee percentage
with the Director of ECL to ensure that the Company remains solvent
but does not generate profits.
 
Exeter Business Centre
Limited
 
RECOMMENDED
that Council approve:-
 
(2) 
the initiation of a review of Exeter Business Centre
to consider whether it is still meeting the objectives set for it
when originally established; and
(3) 
a budget of up to £10,000 to conduct the
review funded from the General Fund Balance.
 
All Companies
 
RESOLVED
that the Executive approves:
 
(4) 
to grant delegated authority to the Chief Executive
to appoint Directors and Client Leads (where
appropriate);
(5) 
to grant delegated authority to the Chief Executive
in consultation with the Leader of the Council, to appoint
Shareholder Representatives; and
(6) 
that an update report be provided to the Executive
and Council in six months’ time to update Councillors on the
performance of each Company.
 
Reason for Decision: As set
out in the report.