Agenda and minutes
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Appointment of Chairperson The Sub Committee is asked to note that the Leader of the Council has appointed Councilor Murray as Chairperson. Minutes: The Sub-Committee noted that the Leader of the Council had appointed Councillor Teresa Murray as the Chairperson for this Sub-Committee. |
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Apologies for absence Minutes: There were none. |
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Declarations of Disclosable Pecuniary Interests and Other Significant Interests Minutes: Disclosable pecuniary interests There were none. Other significant interests (OSIs) There were none. Other interests There were none. |
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Governance arrangements Additional documents:
Minutes:
This report provided details of the updated governance arrangements for the Local Authority Trading Companies (LATCos), following Cabinet’s agreement in July 2023, to change the arrangements and establish Cabinet Sub Committees to act as the as shareholder boards.
The Sub Committee was asked to note its terms of reference, which were set out at Appendix 1 to the report. The Sub Committee was also asked to approve the Articles of Association and the Memorandum of Understanding (including the scheme of delegation), which were set out at Appendices 2 and 3 to the report respectively. It was also noted that there was a typographical error at 1.1.3 of the report, which should instead of requested the Sub Committee to recommend Kyndi Ltd, at its next Board meeting, to adopt the revised documents.
The Chief Executive Officer from Kyndi confirmed that the company was working on its revised Business Plan, which was on track to be presented to its Board and then the Sub-Committee in the coming weeks.
Reasons:
Approval of the recommendations above will improve the corporate governance of the Council’s LATCos. |