The Monitoring Officer will introduce this item.

The proposed terms of reference for the Housing Companies Shareholder Group are set out in the attached document.

Recommendation:

That the Housing Companies Shareholder Group resolves to approve the terms of reference.

The Shareholder Group considered a report which detailed the proposed terms of reference for the Housing Companies’ Shareholder Group meetings.

The Monitoring Officer presented the report and explained the key features of the operational interface between the members of the City Executive Board, representing  the Council as shareholder and the Board of Directors of Oxford City Housing Limited (OCHL).

The Chair of the Scrutiny Committee explained that a new standing panel (Scrutiny Shareholder Panel) had been created to review the Shareholder Group’s interests in any of the Council’s subsidiary companies.  This Panel had met on 22 March 2017 to consider the agenda items before the Shareholder Group.  He said that this had been a valuable and constructive exercise and that the Panel were supportive of the aims of the company (OCHL).

The Shareholder Group resolved to approve the terms of reference for the Housing Companies’ Shareholder Group meetings.

On 28 March 2017 the Housing Companies Shareholder Group will be asked to adopt the attached terms of reference.

Noted.