The Shareholder Committee will have a role in
ensuring proper governance of any company or companies wholly owned
or controlled by the Council, such role to include:
(i)
monitoring information from each company, in particular on
financial and other risks, but also compliance with other policies
and duties and escalating such risks within the Council as
appropriate;
(ii)
exercising decisions relating to the Council's role as shareholder,
member, owner, lender, or other position of significant control
over the company where those decisions have been delegated to the
Shareholder Committee; and
(iii)
making reports and recommendations to the Leadership Team on areas
outside of the Shareholder Committee's delegated authority.