Issue - meetings

Graven Hill Village Development Company (GHVDC)) - Shareholders' Agreement Update

 

 

Meeting: 16/10/2024 - Shareholder Committee (Item 7.)

7. Revisions to the Graven Hill Shareholder Agreement pdf icon PDF 236 KB

Report of Monitoring Officer and Assistant Director Law and Governance

 

Purpose of report

 

This report recommends changes to the Shareholder Agreement that governs the relationship and decision making as between the Council and the Graven Hill companies.

 

The changes arise following implementation of the Governance Review in 2023.

Recommendations

The Shareholder Committee resolves:

 

1.1           To approve the changes to the Shareholder Agreement.

 

1.2           To delegate to the Assistant Director Law and Governance to make further  amendments to the Shareholder Agreement, including inserting the Data Protection Schedule to the Agreement

 

1.3           To delegate to the Assistant Director of Law and Governance the execution of the Agreement as a deed.

 

Additional documents:

Decision:

The committee agreed to defer item to the next scheduled Shareholder Committee meeting in December 2024.