Purpose

To consider the establishment of a Shareholder Committee as a committee of the
Executive with effect from 2024/25.

Decision

RESOLVED that the Executive:

i)               approved the creation of Shareholder Committee as detailed in this report to ensure that its housing companies act in the interests of the Council as shareholder and /or lender and contribute to the Council’s objectives.

ii)              noted the draft Terms of Reference at set out at Appendix 1 and delegated approval of final terms to the Deputy Chief Executive and Director of Resources & Assets in consultation with the Leader of the Council.

iii)             delegated authority to the Deputy Chief Executive and Director of Resources & Assets to agree final terms and enter into each Memorandum of Agreement with each relevant company.

iv)            noted the feedback from the 4March 2024 meeting of the Community and Corporate Overview & Scrutiny Committee which have been incorporated into this report.