City of York Trading Limited - Proposed Amendments to Shareholders Agreement
Decision Maker: Executive
Decision status: Decision Made
Is Key decision?: No
Is subject to call in?: Yes
Purpose of Report: CYT Limited have updated their Shareholder Agreement and in accordance with the Council’s Constitution this needs amended updated Agreement requires the approval of the Executive.
The Executive will be asked to approve the amended Shareholder Agreement for City of York Trading Limited.
This item has been deferred from the 14 January 2021 meeting of the Executive to allow for further work to be undertaken on the report.
Resolved: (i) That approval be given to make the amendments to the Shareholders Agreement and affix the Council’s seal to the document.
Reason: To ensure that the provisions of the Shareholders Agreement accurately represent the most current and up to date practices of City of York Trading Limited.
(ii) That it be noted that the s151 Officer and the Monitoring Officer, in consultation with the Chair of the Shareholder Committee, have commenced a review of the Shareholder Committee and its associated governance arrangements and that updated arrangements will be reported to Full Council for approval to update the council’s Constitution.
Reason: To confirm that Executive is aware of action being taken to ensure that governance arrangements for the Shareholder Committee remain effective and fit for purpose.
Report author: Janie Berry
Publication date: 12/02/2021
Date of decision: 11/02/2021
Decided at meeting: 11/02/2021 - Executive
Effective from: 16/02/2021