Agenda and decisions

That the Executive Shareholder Committee note the performance of Active4Today to Period 9, and, approve the draft Business Plan 2024-2025 at appendix D to the report.

AGREED that Members note:

a)      the Arkwood Performance Report (attached as the Appendix A) and consider company’s performance against its targets and objectives highlighting any areas of high performance and identifying areas for improvement; and

b)      the Arkwood Briefing paper from the Managing Director – Arkwood (attached as appendix B).

AGREED that Members note:

a)      Arkwood’s Audited Statement of Accounts for 2022/23 at Appendix B; and

b)      As per section 4, that there will be no dividend declaration based on the performance up to financial year end 2022/23 and the forecast outturn for 2023/24.

AGREED that:

a)      the Council’s Chief Executive John Robinson, be appointed as Shareholder Representative for the Council in relation to Arkwood Developments Limited to attend General Meetings of the Company and vote on behalf of the Council in its capacity as Shareholder, in accordance with recommendations 2 and 3 below;

b)      the Shareholder Representative to have delegated authority to note and receive reports at General Meetings of the Company, and to vote in relation to administrative matters such as confirming the appointment of auditors at the Annual General Meeting; and

c)      the Shareholder Representative to have delegated authority to vote on substantive matters at General Meetings of the Company on the specific direction of Executive Shareholder Committee.

To consider resolving that, under section 100A (4) of the Local Government

Act 1972, the public be excluded from the meeting for the following items

of business on the grounds that they involve the likely disclosure of exempt

information as defined in Part 1 of Schedule 12A of the Act.

None.