Issue - meetings

Report of the Assistant Director of Law and Governance and Monitoring Officer

Purpose of report

This report presents proposed changes to the Articles of Association of both Graven Hill Development Company (GHDVC) and Graven Hill Village Holdings Limited (GHVH).

Recommendations

The Shareholder Committee is recommended to:

1.1     To approve the updated Articles of Association attached at Appendix A.

1.2     To authorise the Chairman of GHDVC and GHHC to lay the appropriate resolutions at Companies House to give effect to these changes.

1.3     To note that once the Articles have been amended, Councillor Holland will be replaced on the company boards by one of the existing independent non executive directors.

Resolved

(1)  That the Updated Articles of Association be approved.

(2)  That the Chairman of GHDVC and GHVH lay the appropriate resolutions at Companies House to give effect to these changes be authorised.

(3)  That Councillor Holland be replaced on the company boards by one of the existing independent non-executive directors be noted.

The Committee considered a report from the Assistant Director of Law and Governance and Monitoring Officer detailing the proposed change to the Articles of Association of Graven Hill Development Company (GHDVC) and Graven Hill Holdings Limited (GHVH).

Resolved

(1)   That the Updated Articles of Association be approved.

(2)   That the Chairman of GHVDC and GHVH lay the appropriate resolutions at Companies House to give effect to these changes be authorised.

(3)   That Councillor Holland will be replaced on the company boards by one of the existing independent non-executive directors be noted.