The Shareholder Committee is a committee of
Executive. It’s membership comprises five Executive members,
no substitutes permitted.
The role of the Shareholder Committee shall not be
operational and shall be 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.
Day to day functions and liaison flowing from the
Councils ownership of shares shall be delegated to the Chief
Finance Officer (or in their absence the Monitoring Officer), where
necessary consulting members of the Shareholder
Committee.