Issue - meetings

RECOMMENDED:     The Terms of Reference were reviewed and a de minimis change was approved to replace the word ‘majority’ with the word ‘sole’ in the Definition of ‘Council Companies’ in Section 1.

Reason for Decision

To ensure that at a review is undertaken at least annually of the terms of reference of the Shareholder Committee, which, as a sub-committee of Cabinet, must refer any recommended changes back to Cabinet; this being the body that set the Terms of Reference on 15 November 2022

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The Committee carried out an annual review of the Shareholder Committee’s Terms of Reference at its first meeting of the municipal year.

Councillor Morley suggested that in the definition if the Council Companies it should read sole shareholder/owner.  This was agreed.

The Committee noted that the Business Plans from each of the Companies would be submitted to the Shareholder Committee for approval.

Councillor Beales asked how the Audit Committee would receive assurance.  The S151 Officer reported that the Auditors would undertake a risk assessment and build it into their Strategic Audit Plan as appropriate.

RECOMMENDED:      The Terms of Reference were reviewed and a de minimis change was approved to replace the word ‘majority’ with the word ‘sole’ in the Definition of ‘Council Companies’ in Section 1.

Reason for Decision

To ensure that at a review is undertaken at least annually of the terms of reference of the Shareholder Committee, which, as a sub-committee of Cabinet, must refer any recommended changes back to Cabinet; this being the body that set the Terms of Reference on 15 November 2022