Decision Maker: Shareholder Committee

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: January 14, 2025

Purpose: Shareholder Committee is recommended to:   (1)   review performance against the agreed Business Plan for 24/25 (2)  approve changes to SLA, Articles of Association, and the Shareholder Agreement

Content: Shareholder Committee: (1)            noted performance for the year to date; (2)            noted changes to Board Members (verbal update at Shareholders Committee); (3)            approved changes to the Articles of Association; (4)            approved changes to the overarching Serviced Level Agreement (SLA) between the Council and the Company; and (5)            noted growth plans and progress regarding response to the Climate Emergency.   Options & Alternatives Considered Shareholder Committee has the option not to note performance against the 2024/25 Business Plan and the implication of this is that Waltham Forest Services Ltd would be required to submit an update for agreement, and potentially would not be able to implement the outcomes of the Business Plan 2024/25 as per the terms of the Shareholder’s Agreement and approval obtained previously.