Purpose

The report sought approval of the Wholly and Partly Owned Council Companies (WPOCC) Policy 2026–29 and supporting Minimum Standard, which established the framework through which the Council would develop, operate and review wholly or partly owned council companies. 

Decision

ORDERED that Executive approve the Wholly and Partly Owned Council Companies Policy 2026-29 and supporting Minimum Standard.

Reasons for the decision

REASONS

The policy and supporting Minimum Standard provided a consistent standard against which companies could be assessed to provide the organisation with assurance that governance was fit for purpose and the business case for establishment of a company was robust. 

Alternative options considered

OPTIONS

The Council could have chosen not to have this policy in place, however that was not recommended. A proportionate, consistent approach to the establishment, maintenance and review of such arrangements provided the Council with assurance that Value for Money was being achieved within arrangements that were necessary to achieve its objectives.