Purpose

To approve governance
arrangements relating to Council-owned companies
 

Content

RESOLVED
 
KEY DECISION
 

That the Executive:
 

a)     
Approved the establishment of the Shareholder
Committee and notes the terms of reference shown at Appendix
A of this report.

 

b)     
Delegated authority to the Director of Law and
Governance (Monitoring Officer) in consultation with the Leader of
the Council to enter Service Level Agreements and other pertinent
documents between the Council and any wholly owned companies in
respect of all support provided by the Council to that wholly owned
company.

 

c)     
Delegated authority to Director of Law and
Governance (Monitoring Officer) to make the necessary amendments to
the Council’s Constitution to give effect to these
recommendations.

 
 

Reason for Recommendations – Establishing a Shareholder
Committee will ensure the governance of those companies where the
Council has an interest, providing Councillors with enhanced
overing and input into decision as reserved to the
Committee.
 
Alternative Options Considered – The Executive could
decide to maintain the status quo. This is not recommended as it
would  mean that the oversight of the
Companies and their performance is limited and
unstructured.