Issue - meetings

Shareholders Terms of Reference

 

 

Meeting: 25/10/2022 - Shareholders Committee (Item 9)

9 Shareholders Terms of Reference pdf icon PDF 229 KB

Additional documents:

Minutes:

The Chief Executive presented a report which sought to confirm that Shareholder Committee’s Terms of Reference prior to being forwarded to Cabinet for approval.

 

The options, options analysis, including risk assessment and officer preferred option, were set out in the report as follows:

 

 

Option 1: Approve the

Shareholder Committee

Meeting rules

Option 2: Do not approve the Shareholder Committee

Meeting rules

Advantages

The Council is adhering to

the rules contained with the

Shareholders Agreement in

reviewing the Terms of

Reference annually.

None known.

Disadvantages

None known.

No disadvantages known

other than not working to the process as outlined in the formerly signed Shareholders Agreement.

Risks

None known.

Limited – as set out above in the Disadvantages.

 

The officer preferred option is Option 1. By approving the Terms of Reference this allows for appropriate amendments to be made aligned to agreed processes as set out in the Shareholders Agreement.

 

It was suggested that one change should be proposed by the Committee prior to approval by Council Cabinet and this was that the Shareholder Committee meetings should be conducted in accordance with the rules of Council Cabinet as modified by any rules of the Committee.  This change was highlighted in the Appendix to the report (point 3.6.)

 

It was proposed by Councillor Caroline Jackson, seconded by Councillor Matthews and unanimously agreed when put to the vote:-

 

Resolved unanimously:

 

That the revised terms of reference as set out in the Appendix to the report be endorsed by the Shareholder Committee and forwarded to Cabinet for approval.