Council has two wholly-owned companies - Oxford City Housing Ltd
and Oxford Direct Services - and two joint ventures - Barton Oxford
LLP and OxWED. Each company is an
independent legal entity which is entirely separate from the
responsibility to represent the Council as shareholder or owner of
each company and joint venture is an executive function which is
carried out by the Shareholder and Joint Venture Group which is a
committee of the Cabinet.
activities of the Shareholder and Joint Venture Group are
scrutinised by the Companies Scrutiny Panel.
Number of Councillors: 7 members (must be members of Cabinet)
Frequency: 6 scheduled meetings per year
Oxford City Council Companies
Council-owned company is has its own identity and responsibilities,
so cannot be treated as an internal department of the Council. A
Council-owned company is required to comply with Company law, its
Articles of Association and its Shareholder’s
Companies are led by a Board of Directors who are responsible for
the day to day operation and management of the company and are
accountable to the Council via a Shareholder and Joint Venture
Group (comprised of the members of the Cabinet).
appointment of directors to the Board of a Company is the
responsibility of the shareholder(s). The directors hold a
fiduciary duty to their company, but at the same time are also
accountable to the shareholder(s), and as such owe duties to both
the Council and the company.
Companies have their own decision making processes and governance
arrangements. The Council Companies are not governed by the
Direct Services and the Housing Group benefit from
“Teckal” status allowing
them to trade (contract for works, services or supply) with the
Council and other “Teckal”
companies wholly within the ownership of the Council, without
having to go through a competitive tender process.