Decision

Decision:

1. To note the contents of this report;
2. To receive a final report on the work of the Executive Shareholder and Trustee Committee at the meeting on 18 March 2027; and
3. To recommended that full Council (meeting on 3 November 2026) resolve to note the contents of this report and make no changes to the existing governance arrangements.

Reason(s):

1. When acting as shareholder or trustee the Council must have in place robust and resilient governance arrangements to enable continuous oversight of financial interests, business cases and performance measures.  This ensures continuous improvement and meets the Council’s best value duty along with compliance with regulatory requirements of Companies House and the Charity Commission.
2. Guildford Borough Council will cease to exist on 31 March 2027 and its interests in companies and charities will transfer to West Surrey Council.  It is therefore recommended that a final report is prepared providing an overview of the work of the Committee during 2026/27 as far as possible to assist with a smooth transition. 

Other options considered and rejected by the Committee:

None.

Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted:

None.