Content

Decision:

1.      
Noted the Council’s interests in
‘Guildford Sportsground Management Company’,
‘Guildford Borough Council Holdings’ and ‘North
Downs Housing Limited’ and the dissolution of 75 Ash Street
Management Company Limited;

2.      
Delegated authority to the Joint Chief Executive, in
consultation with the Leader of the Council, to appoint an
additional Director to the Board of Guildford Sportsground
Management Company as soon as possible and to replace Ian Doyle and
Kelvin Mills with alternative appointments on behalf of the
Council;

3.      
Delegated authority to the Joint Chief Executive, in
consultation with the Leader of the Council, to appoint an
additional Director to the Board of Guildford Borough Council
Holdings Limited as soon as possible and to replace Ian Doyle with
an alternative appointment on behalf of the
Council;

4.      
Noted that the Joint Chief Executive will encourage
the Directors of Guildford Borough Council Holdings Ltd to make 4
additional appointments of Director to the Board of North Downs
Housing Ltd, with one being a Guildford Borough Council officer, as
soon as possible;

5.      
Approved the draft work programme set out at
paragraph 6.4 and delegate authority to the Monitoring Officer to
deviate from the work programme where appropriate, in consultation
with the Leader of the Council;

6.      
To receive a report in August 2024 from the Lead
Officer for North Downs Housing Ltd recommending an options
appraisal be undertaken to inform the future of the
Company;

7.      
To receive a report in November 2024 from the Lead
Officer for Guildford Sportsground Management Company reviewing the
objectives and arrangements for the Council’s Interest in
that Company;

8.      
To receive a report in November 2024 from the Lead
Officer for Guildford Borough Council Holdings Ltd reviewing the
objectives and arrangements for the future of Guildford Borough
Council Holdings Ltd.

9.      
To receive a report in November 2024 from the
Council’s Statutory Officers starting the process of
reviewing the governance arrangements and Council’s interests
in Charities and Trusts.
Reason(s):

1.      
To enable the Council to fulfil its duties in
respect of the shareholder function competently, robustly and
transparently.

2.      
To enable the Council to be able to fulfil its
duties in respect of best value and continuous improvement in
respect of its interests in companies, and to keep under review the
objectives, strategies and plans, and performance of each of its
companies.      
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:
Councillor Tom Hunt in respect
of being the Chairman of the Board of Directors for Guildford
Borough Council Holdings.
Councillor Angela Goodwin in
respect of being a director sitting on the board of North downs
Housing.