Purpose

To propose the establishment of
a Shareholder Advisory Group to support the Cabinet:
•in its role as
shareholder for the Council’s wholly owned trading company,
Lichfield West Midlands Traded Services Ltd (LWM),
•in its role as
shareholder for any future council-owned companies,
•in overseeing other
commercial relationships including joint ventures.

Decision

The Leader of the Council:
 
Approved the creation of a Shareholder
Advisory Group to support shareholder oversight of LWM, any future
wholly owned companies and other commercial relationships including
joint ventures.
 
Approved the draft Terms of Reference attached
at Appendix A of the Cabinet Member Report.
 
Delegated authority to the Leader, in
consultation with the Chief Executive and Monitoring Officer to
finalise membership and make any minor amendments to the Terms of
Reference.
 
Noted that the Advisory Group will operate in
an advisory and non-decision-making capacity, with all formal
shareholder powers retained by Cabinet.