Purpose

To appoint four members of Cabinet to the
Shareholder Committee.

Decision

To appoint four members of Cabinet to the
Shareholder Committee.

That:
 

a)    
Four named members of Cabinet are appointed to the
Shareholder Committee; and

b)    
That the terms of reference of the Shareholder
Committee is changed so that future appointments are made by the
Leader.

1. Not to makes appointments to the
Shareholder Committee – this is not recommended as the
responsibilities and requirements as a shareholder of companies
must be performed within the Council. Further, the Council has
awarded contracts to its owned companies (whether wholly or jointly
owned) without a full tender but relying on Regulation 12 exemption
in the Public Contract Regulations 2015. This exemption remains but
the Council must demonstrate that it continues to exercise decisive
influence over the strategic objectives and significant decisions
of the company. The Shareholder Committee plays an important part
in this influence.