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