None.

Access to reports and admission to Shareholder and Joint Venture Group Meetings

A limited company in which a local authority holds an interest, even a 100% interest, falls outside the strict requirements of local government law.

It follows, therefore, that meetings between the shareholder of a private limited company and the directors of such company are essentially private matters, to which the public holds no automatic right of admittance.

While this Council would be entitled, therefore, to treat its shareholder meetings as entirely private matters, in the spirit of transparency it has allowed public access to the “open” parts of the meeting, only going into private session when any matters of a confidential, commercial or financial nature are discussed.

The agenda lists all reports to be considered and whether access to these is ‘public’ or ‘private’.

The Chair of the SJVG will confirm at the start of the meeting that reports and parts of the business listed as private will be discussed in private session (to which only the relevant Company’s directors and their advisers will be admitted).

The Chair at her discretion may decide to move from public to private discussion or vice-versa at any point during the meeting.

No items were considered in confidential session.

Purpose:

To consider the report of the Head of Law & Governance seeking approval for a change in the Council’s appointments to the Board of Directors for both ODSL and ODSTL

Recommendations: That there is a resolution to:

·       appoint Ian Wright as one of the Directors on the ODSL Board, on an interim basis;

·       appoint Ian Wright as one of the Directors on the ODSTL Board, on an interim basis; and

·       note that Tim Sadler will become a Non-Executive Director of both ODSL and ODSTL

The Head of Law & Governance had submitted a report to seek approval for a change in the Council’s appointments to the Board of Directors for both ODSL and ODSTL.

The Chair thanked Tim Sadler for his work as a Council appointee to the Boards of both companies and looked forward to his continuing relationship with the Council in his new capacity as a Non-Executive Director.

Tim Sadler said the continued presence of a Council appointee on the Boards of both companies following the appointment of Ian Wright was very welcome.

The Shareholder and Joint Venture Group resolved to:

1.    Appoint Ian Wright as one of the Directors on the ODSL Board, on an interim basis;

2.    Appoint Ian Wright as one of the Directors on the ODSTL Board, on an interim basis; and

3.    Note that Tim Sadler will become a Non-Executive Director of both ODSL and ODSTL.