Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: June 17, 2025

Purpose: To approve governance arrangements relating to Council-owned companies  

Content: RESOLVED   KEY DECISION   That the Executive:   a)      Approved the establishment of the Shareholder Committee and notes the terms of reference shown at Appendix A of this report.   b)      Delegated authority to the Director of Law and Governance (Monitoring Officer) in consultation with the Leader of the Council to enter Service Level Agreements and other pertinent documents between the Council and any wholly owned companies in respect of all support provided by the Council to that wholly owned company.   c)      Delegated authority to Director of Law and Governance (Monitoring Officer) to make the necessary amendments to the Council’s Constitution to give effect to these recommendations.     Reason for Recommendations – Establishing a Shareholder Committee will ensure the governance of those companies where the Council has an interest, providing Councillors with enhanced overing and input into decision as reserved to the Committee.   Alternative Options Considered – The Executive could decide to maintain the status quo. This is not recommended as it would  mean that the oversight of the Companies and their performance is limited and unstructured.