Decision

RESOLVED:  1) That a sub-committee to be known as ‘the Shareholder Committee’ be established and the terms of reference be set as shown in Appendix 1 to the report as the terms of reference for the Shareholder Committee. That full authority be delegated to the Shareholder Committee to carry out its terms of reference.

2) That authority be delegated to the Chief Executive in consultation with the Leader to enter Service Level Agreements between the Council and each of its wholly owned companies in respect of all support provided by the Council to that wholly owned company.

3) That the Corporate Governance Action Plan attached at Appendix 2 to the report be approved.

Reason for Decision

To improve the governance of the Council’s wholly owned companies.