Decision details

Decision details

To Approve the Shareholder Agreement for Oxford Direct Services Limited and Oxford Direct Services Trading Limited

Decision Maker: Leader - Partnership Working

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

For the Leader of the Council, as the sole Shareholder, to Approve the Shareholder Agreement and Articles for Oxford Direct Services Limited (“ODSL”) and Oxford Direct Services Trading Limited (“ODSTL”)

Decision:

The Leader, and Cabinet Member for Partnership Working and Inclusive Economic Growth, as Shareholder of ODSL and ODSTL decides as follows:

1.    Approve the Shareholder Agreement and Articles of Association of Oxford Direct Services Limited;

2.    Approve the Shareholder Agreement and Articles of Association of Oxford Direct Services Trading Limited.

3.    Delegate to the Monitoring Officer the ability to sign the Articles of the Companies and other required documentation to enact the above decisions on behalf of the Council as sole Shareholder of the Companies.

Reasons for the decision:

To ensure the results of the Governance Review for ODSL and ODSTL can be implemented and allow the necessary documents to be implemented.

Not having an up-to-date Shareholder Agreement and Articles of Association means the wholly-owned companies are not being governed in line with statutory requirements.

 

Alternative options considered:

To not approve the Shareholder Agreement, however this would not be considered appropriate as the amended version has been agreed by the ODSL and ODSTL Board.

 

Publication date: 03/11/2025

Date of decision: 03/11/2025

Effective from: 06/11/2025

Accompanying Documents: