Agenda and draft minutes

Cabinet Sub Committee (Medway Development Company Ltd Shareholder Board) - Wednesday, 31 January 2024 6.15pm

Venue: St George's Centre, Pembroke Road, Chatham Maritime, Chatham ME4 4UH. View directions

Contact: Jon Pitt and Teri Reynolds - Democratic Services Officers 

Media

Items
No. Item

1.

Appointment of Chairperson

The Sub Committee is asked to note that the Leader of the Council has appointed Councillor Khan as Chairperson.

Minutes:

The Sub Committee noted that the Leader of the Council had appointed Councillor Naushabah Khan as the Chairperson of the Sub Committee.

2.

Apologies for absence

Minutes:

There were none.

3.

Declarations of Disclosable Pecuniary Interests and Other Significant Interests pdf icon PDF 371 KB

Minutes:

Disclosable pecuniary interests

There were none.  

Other significant interests (OSIs)

There were none.

Other interests

There were none.

4.

Governance arrangements pdf icon PDF 183 KB

Additional documents:

Minutes:

Background:

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 were asked to note its terms of reference, which were set out at Appendix 1 to the report.  The Sub Committee were 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, and to recommend Medway Development Company Ltd, at its next Board meeting to adopt the revised documents.

 

Decision

number:

 

Decision:

 

 

The Cabinet Sub Committee noted the terms of reference, as set out at Appendix 1 to the report.

19/2024

The Cabinet Sub Committee approved the Articles of Association, as set out in Appendix 2 to the report and the Memorandum of Understanding (including the scheme of delegation), as set out in Appendix 3 to the report.

20/2024

The Cabinet Sub Committee recommended that Medway Development Company Ltd, at its next board meeting, adopt the revised Articles of Association and the Memorandum of Understanding.

 

Reasons:

 

The Sub Committee is requested to approve the recommendations above to improve the corporate governance of the Council’s LATCos.