Decision details

Purpose of Report: To ask the Executive to appoint to the Shareholder Committee, the creation of which was agreed in June. It will also set out the detail of delegations in respect of company matters.

Resolved:  That the Executive:

(i)           Approve the appointments of Cllr. Steward and Cllr. Ayre to the Shareholder Committee, with Cllr. Steward to be nominated as Chair.

(ii)          Approve the appointment of Cllr. A. Waller and Cllr. S. Rawlings as substitute Members.

(iii)        Appoint Cllr Looker (Labour) and Cllr Kramm (Green) with Cllr Craghill as substitute Green Member, as opposition group representatives to participate in a non-voting capacity at meetings of the Committee, including an Independent Member.

(iv)    Appoint Cllr. J. Hayes as the Independent Councillor.

(i)           Delegate to the Shareholder Committee the power within its terms of reference to exercise all the Council’s powers arising from its ownership role other than those identified within the report as being reserved to the Executive.

(ii)          That if the two Voting Members of the Shareholder Committee are not in agreement, then the matter will be referred up to the Executive for determination.

(iii)        Refer consideration of the proposed division of decision making responsibilities between the Executive, the Shareholder Committee and Officers as referred to in the annex to the report to an Executive Member for Finance and Performance Decision Session for approval.

Reason:     To ensure proper governance of Council companies.