Issue - meetings

Medway Commercial Group Ltd - Six Monthly Report and Business Plan Progress and Updates

Meeting: 06/08/2019 - Cabinet (Item 7)

7 Medway Commercial Group Ltd - Six Monthly Report PDF 328 KB

Minutes:

Background:

This report outlined Medway Commercial Group (MCG) Limited’s achievements and performance over the past eight months. The report explained that a review of the company and its trading had been undertaken.

As a result of this review, the report proposed changes within the governance and Board structure of the LATCo, which were explained in detail in section 3.1 of the report. It was also proposed that the Assistant Director Transformation be designated as client representative to improve the two way communication between the MCG Board and Medway Council Corporate Management Team and Elected Members.

The report stated that there was a clear business case for continuing to operate the four key business areas within MCG. In addition, a clear process had been established to ensure any additional work to be undertaken by MCG would be agreed by the Board after seeing and approving a return on investment business case. The ongoing priorities of MCG were set out in section 3.5 of the report.

Decision number:	Decision:
	The Cabinet noted a review has been undertaken led by the Chairman of MCG, Councillor Howard Doe, and the subsequent actions taken to improve Medway Commercial Groups operating procedures and financial position.
93/2019	The Cabinet agreed that the proposed changes to the governance arrangements and the MCG Board are needed, and approved the designation of the client representative as the Assistant Director Transformation.
	The Cabinet noted that an updated business plan will be presented for approval at a future meeting.

Reasons:

When Cabinet agreed to establish the LATCo it was also agreed that regular monitoring reports would be provided to Cabinet.