Decision details

Task and Finish Group: Governance Arrangements of LBS Companies

Decision Maker: Sutton Shareholdings Board

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To examine the effectiveness and efficiency of existing arrangements with a view to creating a formal code of practice for the governance of the Council’s interests in companies.

Decisions:

Jessica Crowe, Assistant Director - Customers, Commissioning and Governance, briefly presented the report.

 

Members welcomed the establishment of the group and suggested its membership replicate that of the Shareholdings Board.

 

RESOLVED: that

1.    A task and finish group be established to review the governance arrangements of London Borough of Sutton companies where the Council is a shareholder and draft a Code of Practice for the governance of council interests in companies.

2.    The task and finish group will meet on 2 to 3 occasions between 23 February 2018 and 20 April 2018.

3.    The task and finish group will report its outcomes to a future meeting of the Sutton Shareholdings Board.

Report author: Fiona Bywaters

Publication date: 01/03/2018

Date of decision: 22/02/2018

Decided at meeting: 22/02/2018 - Sutton Shareholdings Board

Accompanying Documents: