Issue - meetings

AGREED that Cabinet establish an ‘Executive Shareholder Committee’ in accordance with the proposals contained in Section 2 of the report. 

The Deputy Leader and Portfolio Holder for Organisational Development and Governance presented a report which sought to establish an Executive Shareholder Committee which would have oversight of the two Council owned companies, Active4Today and Arkwood Developments. The Committee would have the same composition as the Cabinet, meeting approximately once per quarter. The remit and Terms of Reference for the Committee were detailed in the report.

AGREED      (unanimously) that Cabinet establish an Executive Shareholder Committee in accordance with the proposals contained in Section 2 of the report. 

Reasons for Decision

To ensure appropriate decision making in respect of the two Council wholly owned companies.

Options Considered

The Cabinet could have taken decisions in relation to the two companies within their usual meetings, but it was considered having a separate committee for this would enable full and proper consideration of company matters separate from other Council business.