Issue - meetings

The Director of Governance to present a report which asks Executive to review the Shareholders Agreement in respect of City of York Trading Limited and approve proposed amendments to the Agreement.

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.

The Director of Governance presented a report which asked Executive to review the Shareholders Agreement in respect of City of York Trading Limited (CYT) and to approve proposed amendments to the Agreement.

CYT was a council-owned company the main purpose of which was to supply temporary teaching, care and administrative staff.  The Shareholders Agreement had last been reviewed in 2015 and the CYT Board felt it was now time to review it again.  The changes proposed by the Board were summarised in paragraph 11 of the report and shown in detail in Annex B.  They related mainly to the minimum and maximum numbers of Executive and non-Executive Directors on the Board.

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.