Decision Maker: Shareholder Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The Chief Operating Officer submitted an exempt report which presented the CSN Resources Members Agreement and sought approval of the revised Articles of Association.
In presenting the report, the Chief Operating Officer advised the Committee that
The CSN Resources Articles of Association needed minor revisions as a consequence of finalising the CSN Resources Members Agreement to bring them in line with the provisions within the agreement and HMRC rules around Mutual Trading Status.
The Chief Operating Officer confirmed that the Shareholder Representatives at SNC and CDC and the Managing Director and Operations Director of CSN Resources supported the revisions to the Articles of Association.
(1) That the CSN Resources Members Agreement be noted.
(2) That the revised CSN Resources Articles of Association be approved.
(At the conclusion of the item, the Managing Director, Graven Hill Development Company, Karen Curtin, and the Senior Independent Non-Executive Director, Graven Hill Development Company, Sue Smith, joined the meeting at the conclusion of this item)
Publication date: 06/02/2020
Date of decision: 16/12/2019
Decided at meeting: 16/12/2019 - Shareholder Committee