Purpose

To consider streamlining the process of
undertaking shareholder functions and decision-making and reducing
the risk of conflicts of interest, in relation to East Hampshire
Norse Limited.
 

Decision

It was RESOLVED that:
 
The Leader and Cabinet delegate to the Shareholder
Sub-Committee (a sub-committee of Cabinet), all authority in
respect of the Council’s shareholder function for East
Hampshire Norse Limited.
 
The Shareholder Sub-Committee is not advised by officers
who hold any office with the company or who otherwise have a
potential conflict of interest.
 
The Constitution is amended by inserting the revised
sub-committee terms of Reference, as set out in paragraph 4.8 in
this report.
 
The Monitoring Officer is authorised to make the necessary
constitutional amendments and for these to be reported to
Council.
 
Additionally, Cabinet RESOLVED to confirm the
membership of the Shareholder Sub-Committee for 2025/26, as listed
below, in accordance with Part Two, Section D1 of the
Council’s Constitution:
 

·      
Cllr Richard Millard
(Leader of the Council)

·      
Cllr Andy Tree (Deputy
Leader of the Council)

·      
Cllr Tony Costigan
(Investment Property Portfolio)

·      
Cllr Nick Drew (Legal
& Governance Portfolio)

·      
Cllr Charles Louisson
(Finance Portfolio)

·      
Cllr Rob Mocatta
(Regeneration & Prosperity Portfolio)