The Cabinet gave consideration to a report of the Head of Democratic Services seeking appointments to the Shareholder Sub-Committee.
Cabinet noted that the Shareholder Committee was a Sub-Committee of Cabinet and had the following high level remit and responsibilities:
· Represented the Shareholder (the Council) and would meet quarterly.
· Set the tone and direction of the company to ensure that it fully supported the Council’s co-operative agenda.
· Considered significant company resource issues.
· Sanctioned/approved decisions taken by the Unity Partnership Ltd Board of Directors and was able to call on the company Managing Director and members of the Unity Partnership Board to discuss specific items.
· Determined “reserved matters”.
· Approved a waiver of any conflicts of interest relating to the Unity Partnership Ltd Board of Directors.
· Granted an indemnity to all Members and Officers acting as Directors on the company Board.
Options/Alternatives considered:-
Option 1 – Appoint Members to sit on the Sub-Committee.
Option 2 – Do not appoint Members to sit on the Sub-Committee
RESOLVED that the Leader and the Portfolio Holders with responsibility for Social Justice and Communities, Finance and Corporate Services, and Neighbourhoods Services be appointed to sit on the Shareholder Committee, with full delegated powers in relation to any matter to consider the interests of the Council following the acquisition of the Unity Partnership Ltd.