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Decision details

Governance Review Action Plan - Bristol City Council Companies

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report seeks to update Cabinet on the implementation of revised governance arrangements for the Bristol City Council owned trading companies.

Decision:

1. Cabinet noted:

- The key recommendations of the governance review undertaken in 2017 with respect to the companies which the council has an interest in. (Outlined in Appendix A1 and A2 )

- The Council’s action plan (Appendix A2) which responds to the recommendations.

- That changes have been made to the companies’ Articles of Association and Shareholders’ Agreement, including the revision of the reserved matters by which the council exercises control of the companies (Appendix A3)

- The revised Shareholder Group Terms of Reference, which have already been adopted (Appendix A4).

- The intention to revise the Code of Practice for the Governance of Council Interests in Companies in line with the implementation of the governance review.

 

2.  Cabinet approved an earmarked envelope of £350,000 pa (for 18/19 and 19/20 onwards), to provide the resources required within the MTFP from 19/20 onward to strengthen the governance as outlined in the action plan and ensure the council can support an efficient and effective client and shareholder liaison function.

 

Report author: David Lawrence

Publication date: 04/09/2018

Date of decision: 04/09/2018

Decided at meeting: 04/09/2018 - Cabinet

Effective from: 12/09/2018

Accompanying Documents: