Content

Decision:

1.    
Jo Knight be appointed as a director of Guildford
Borough Council Holdings to take effect on the Company receiving
notice from the Council for a term of 4 years. 

2.    
Tom Hunt be appointed as a director of Guildford
Borough Council holdings to take effect on the Company receiving
notice from the Council for a term ending on 7 January
2028.

3.    
the Executive Head of Service for Legal &
Democratic Services to make a further appointment, if possible, of
a director to Guildford Borough Council Holdings to take effect on
the Company receiving notice from the Council for a term of 4
years.
Reason(s):

1.    
To ensure that the Company has sufficient directors
to enable decisions to be made, in particular to allow for the
approval of the accounts which are due to be submitted in March
2024.

2.    
The appointment of directors to the Company can be
undertaken by the Board but at present the Board is not quorate and
therefore the only decisions which can be made is a request to the
Council for the appointment of additional directors.  It is also advisable to have sufficient directors
to ensure that the Board remains quorate and provide some
flexibility.  In accordance with Article
21.2.1 of the Articles of Association that Council is able to
appoint directors to the Board.  This
will ensure resilience and that the Board are able to fulfil their
statutory duties in a timely manner.
Other options considered and rejected by the
Committee:
None.
Details of any conflict of interest declared by
the Leader or lead councillors and any dispensation
granted:
None.