Issue - decisions

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.