Progress Report: City of York Trading Ltd (Updated Report)
Decision Maker: Executive
Decision status: Decision Made
Is Key decision?: No
Is subject to call in?: Yes
Purpose of Report: At their meeting on 27
August, Members were presented with an update on the progress of
the Council's Trading Company, an update on the Shareholders
Agreement and asked to agree the future direction of new business.
This decision was deferred pending a review by Group Leaders.
This report will be represented to Members including matters considered in the review and resulting recommendations.
Resolved: That the Executive agree to:
(i) The changes to the Shareholder Agreement.
(ii) Note the progress and growth made to date by City of York Trading Ltd (CYT).
(iii) Support the further development of the business including business cases for those areas identified in this report.
(iv) Publish all future shareholder committee minutes on the CYC/CYT websites.
(v) Provide an annual report to the Executive on the company performance and operation of the shareholder committee.
(vi) Appoint an additional external non-executive Director onto the Board of Directors.
(vii) Appoint an additional Councillor onto the Board of Directors.
Reason: To ensure Executive members understand the governance and progress of the council’s Trading Company, and are involved in setting the direction of the future business.
Report author: Pauline Stuchfield
Publication date: 24/09/2015
Date of decision: 24/09/2015
Decided at meeting: 24/09/2015 - Executive
Effective from: 29/09/2015