Committee details

Committee details

Shareholder and Joint Venture Group

Purpose of committee

The 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 Council.

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 comprising all members of Cabinet.

The activities of the Shareholder and Joint Venture Group are scrutinised by the Companies Scrutiny Panel. 

Number of Councillors: All members of Cabinet

Quorum: 3

Frequency: 4 scheduled meetings per year

 

Oxford City Council Companies

 

Each 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 Agreement.

 

Council 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).

 

The 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.

 

Council Companies have their own decision making processes and governance arrangements. The Council Companies are not governed by the Constitution.

 

Teckal status

Oxford 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.

 

Membership

Contact information

Support officer: Catherine Phythian / John Mitchell / Jennifer Thompson, Committee and Member Services Officers. email:  democraticservices@oxford.gov.uk tel: 01865 252402 or 2217 or 2275

Phone: 01865 25 2402/2217/2275

Email: democraticservices@oxford.gov.uk