Appointment of Shareholder Committee for the municipal year 2021/2022
The Shareholder Committee is a sub-committee of Executive comprising three Executive memebrs. The role of the Committee is not operational, it is the means by which the Council shall:
· be the body for approving council nominated non-executive directors, and approving best practice policies in relation to such appointments, considering any reserved shareholder matters within the company articles;
· be responsible for agreeing and approving the framework within which the council interfaces with Council owned/influenced companies;
· exercise strategic functions flowing from the councils ownership of shares.
The membership of the Shareholder Committee in 2020/21 was Councillors Wood, Ilott, Donaldson. As Councillor Donaldson is no longer on Executive, it is necessary for Executive to confirm the membership of the Shareholder Committee for 2021/2022.
Recommendation
The meeting is recommended:
(1) To appoint three Executive members to the Shareholder Committee for 2021/2022.
Additional documents:
Decision:
Resolved
(1) That Councillors Ilott, Wing and Wood be appointed to the Shareholder Committee for 2021/2022.
Minutes:
Executive considered appointments to the Shareholder Committee, a sub-committee of Executive, for 2021/2022.
Resolved
(1) That Councillors Ilott, Wing and Wood be appointed to the Shareholder Committee for 2021/2022.
Reasons
The Shareholder Committee is a sub-committee of Executive comprising three Executive members. The membership of the Shareholder Committee in 2020/21 was Councillors Wood, Ilott, Donaldson. As Councillor Donaldson is no longer on Executive, it is necessary for Executive to confirm the membership of the Shareholder Committee for 2021/2022.
Alternative options
Option 1: Not to appoint to the Shareholder Committee. This is not recommended as the Committee would not be able to fulfil its functions.