Issue - meetings

Report of Shareholder Representative

Purpose of report

To note, comment and approve recommendations in response to Crown House Banbury Limited Quarter One 2024/25 Business Report.

Recommendations

The Shareholder Committee resolves:

1.1           To note and comment on the Crown House Banbury Limited Quarter One 2024/25 Business Report as contained in this report. 

1.2           To note the temporary appointment of Councillor Rob Pattenden as a Director of the Crown House companies. This position will be reviewed at the end of the financial year to assess the recruitment of an independent NED, as this is best practice.

Resolved

(1)  That Crown House Banbury Limited Quarter One 2024/25 Business Report be noted and commented on.

(2)  That the temporary appointment of Councillor Rob Pattenden as a Director of the Crown House companies be noted. This position will be reviewed at the end of the financial year to assess the recruitment of an independent NED, as this is best practice.

The Committee considered a report from the Shareholder Representative, which detailed Crown House Companies' in-year key performance, financial update and operation delivery for Quarter One 2024/25.

The Company Director acknowledged an oversight in the accounting data and confirmed that a written revision be presented at the upcoming Committee meeting

Resolved

(1)  That Crown House Banbury Limited Quarter One 2024/25 Business Report be noted and commented on.

(2)  That the temporary appointment of Councillor Rob Pattenden as a Director of the Crown House companies be noted. This position will be reviewed at the end of the financial year to assess the recruitment of an independent NED, as this is best practice.