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RESOLVED:
 
That the Strategic Investment Board:
 

Approves the dissolution
of Hendeca based on the recommendations from SHIP.

 
Reasons for
Decisions:
 
While Hendeca could potentially remain
profitable, the risks persist around a single customer and the
nature of the work:?
 
·        
The nature of the business does not align with SCC’s core
service?
·        
The nature of the business is high risk – financially,
reputationally and as an employer?
·        
There is a temporary leadership team in place provided by SCC,
which will need to be replaced if a different decision is made?
·        
Contingency plans would need full stress testing, if Hendeca was to
continue to run the business
 
(The decisions on
this item can be called-in by the Resources and Performance Select
Committee)