Purpose

For Cabinet to note the work undertaken by the
Committee in 2022-23.

Content

The role of the Buckinghamshire
Shareholder Committee was to ensure that the Council’s
companies and limited liability partnerships acted in the interests
of the Council as shareholder and that best practice was being
adhered to in delivering statutory arrangements. In doing so, the
Committee contributed to the proper governance of the
Council’s subsidiaries. This added level of governance was
more important than ever, following a number
of other local authorities experiencing difficulties.
Understanding the risks associated with wholly or jointly owned
companies was a key task of the Committee.
 
This was the first year of the
Shareholder Committee and producing an annual report to reflect the
work and outcomes achieved by the Committee over the past year was
considered good practice.
 
Members of the Shareholder
Committee were not directors, and did not have any direct
involvement, in any of the subsidiary bodies.
 
RESOLVED –
 
That
the 2022-23 Annual Report of the Buckinghamshire Shareholder
Committee and the work it has undertaken to date be
NOTED.