Issue details

Variation of Shareholders Agreement relating to YPO Procurement Holdings Limited

The Directors of YPO Procurement Holdings Limited have requested changes to the shareholders agreement. These require approval of all 13 Councils who are party to the agreement. In summary the changes will, if approved, remove a number of matters from requiring the unanimous consent of the shareholders, but ensure those matters still require the consent of two-thirds of the shareholders. They will alter the quorum for directors meetings and clarify notice requirements for general meetings.

 

As this decision is non-key, it is considered that the decision should be made by the Leader as the relevant portfolio holder for this area.

Decision type: Non-Key

Decision status: Decision Made (subject to call-in)

Wards affected: (All Wards);

Notice of proposed decision first published: 10/12/2018

Level of Risk: 04-08 Regular monitoring required;

Decision due: 14/01/19 by Executive Leader (incorporating Finance & Performance)
Reason: As this decision is non-key, it is considered that the decision should be made by the Leader as the relevant portfolio holder for this area.

Lead member: Executive Leader (incorporating Finance & Performance)

Lead director: Corporate Director of Customer and Corporate Services

Department: Directorate of Customer and Corporate Services

Contact: Andrew Docherty, Assistant Director - Legal & Governance Email: andrew.docherty@york.gov.uk Email: andrew.docherty@york.gov.uk.

Consultation process

All thirteen councils involved will be consulted and need to approve the changes

Making Representations: Representations may be made to the report author

Documents

  • Variation of Shareholders Agreement relating to YPO Procurement Holdings Limited  

 

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