Shareholder Committee - Tuesday, 14 July 2026 - 2.00 pm
7 attendees · 0 documents · 0 media files
Shareholder Committee
Recent meetings
30 meetings · Page 1 of 3
Shareholder Committee - Tuesday, 14 April 2026 - 2.00 pm
7 attendees · 0 documents · 0 media files
at the rising of Cabinet, Shareholder Committee - Tuesday, 13th January, 2026 2.00 pm
The Shareholder Committee of Waltham Forest Council was scheduled to review the performance of Evolve Norse, a joint venture company. The meeting's agenda included a review of the company's mid-year delivery achievements and financial performance for the 20...
at the rising of Cabinet, Shareholder Committee - Tuesday, 7th October, 2025 2.00 pm
The Shareholder Committee met to discuss updates from More Homes Waltham Forest and Waltham Forest Services Ltd. The committee noted the contents of the More Homes Waltham Forest Joint Venture Update report, and also noted the performance of Waltham Forest ...
at the rising of Cabinet, Shareholder Committee - Tuesday, 15th July, 2025 2.00 pm
The Shareholder Committee was scheduled to meet to discuss the Evolve Norse business plan and company performance. The committee was also expected to review the minutes from the previous meeting. Some discussion of exempt information was also scheduled to t...
at the rising of Cabinet, Shareholder Committee - Tuesday, 6th May, 2025 2.00 pm,
POSTPONED
This meeting has been postponed.
at the rising of Cabinet, Shareholder Committee - Tuesday, 14th January, 2025 2.00 pm
The meeting of the Shareholder Committee included an update on the financial performance of Waltham Forest Services Ltd, an update on Evolve Norse's performance, and consideration of proposed changes to Waltham Forest Services Ltd's articles of association.
at the rising of Cabinet, Shareholder Committee - Tuesday, 1st October, 2024 2.00 pm
The Shareholder Committee received a report about the progress of the More Homes Waltham Forest Joint Venture. The Committee noted the contents of the report, including the financial statements for 2023/24. It agreed that 'voids' and 'energy efficiency' sho...
at the rising of Cabinet, Shareholder Committee - Tuesday, 9th July, 2024 2.00 pm
The Shareholder Committee reviewed the performance of its trading company, Evolve Norse, in the 2023/24 financial year and considered its business plan for 2024/25. No decisions were made as this was a review meeting.
Shareholder Committee - Thursday, 18 April 2024 - 2.00 pm
The Shareholder Committee approved the 2024/25 Business Plan for Waltham Forest Services Ltd. The committee also received an update on historic debt incurred by the company, with assurances that efforts are underway to resolve the situation.
About
SHAREHOLDER COMMITEETERMS OF REFERENCE
Membership
The committee is a committee of the Executive and the same rules of procedure apply to its meetings as apply to the Cabinet. Voting members therefore must be Cabinet members.
A Chair and at least two other voting members will be appointed by Cabinet and reported to the next meeting of the Council for information.
The Cabinet members on the committee should represent portfolios relating to the companies of which the Council is a shareholder.
The quorum shall be two thirds of the membership or three members, whichever is the larger.
Purpose
1. To represent the Council’s interests as shareholder in wholly owned and other companies.
2. To ensure that the companies act in the interests of the Borough as shareholder and contribute to the Council’s objectives.
3. To consider and approve any proposed or amended company documentation including memorandum and articles of association and shareholder agreements.
4. To undertake the actions, activities and responsibilities provided for and required by any legislative requirement or any shareholders agreement.
5. To provide, or withhold, consent as appropriate on those matters requiring shareholder consent as defined in the shareholders agreement.
6. To review and agree the annual Business Plan prepared by the Company. The Business Plan will include:
a. An updated programme of activity for the forthcoming year.
b. An updated financial plan for the forthcoming year including cash-flow, identifying income and expenditure, and forecast for drawdown of finance or assets provided by the Council.
c. In the case of development companies: details of proposed future development and investment pipeline.
7. Monitor performance and financial delivery against the business plan.
8. Review and agree any proposals to undertake activities outside of the Borough.
9. Make recommendations to Cabinet for any investment in/asset transfers or lending to companies.
10. Delegate specific functions to officers of the council to increase commercial flexibility.
Meeting Arrangements
Meetings are subject to the provisions of the Local Government (Access to Information) Act, 1985, which legally bind the Local Authority regarding public access to reports and meetings.
The minutes will be available through the Council's website at www.walthamforest.gov.uk.
