Purpose

To consider the establishment of a Shareholder
Committee as a committee of the
Executive with effect from 2024/25.

Content

RESOLVED that the
Executive:
 

i)              
approved the creation of Shareholder Committee as
detailed in this report to ensure that its housing companies act in
the interests of the Council as shareholder and /or lender and
contribute to the Council’s objectives.
 

ii)             
noted the draft Terms of Reference at set out at
Appendix 1 and delegated approval of final terms to the Deputy
Chief Executive and Director of Resources & Assets in
consultation with the Leader of the Council.
 

iii)            
delegated authority to the Deputy Chief Executive
and Director of Resources & Assets to agree final terms and
enter into each Memorandum of Agreement with each relevant
company.
 

iv)           
noted the feedback from the 4March 2024 meeting of the Community and Corporate Overview &
Scrutiny Committee which have been incorporated into this
report.