1. That the entering into of the Shareholder Agreement and any associated “deeds of adherence” which commit group companies to the obligations set out in the shareholder agreement be approved.
2. That the establishment of a committee of Cabinet, to be known as the Shareholder Reference Group, be approved to undertake the functions of the Council as shareholder/ultimate owner of its group of companies and exercise the Council’s rights under the Articles of each company and under the Shareholder Agreement, with the exception of any rights which the Cabinet or Leader reserves to itself/himself from time to time or which can only be exercised by Full Council.
3. That the approval of the Consolidated Business Case, which is to be produced by the Council’s Holding Company on an annual basis, be reserved to the Cabinet (this will accordingly be a matter which is not within the delegated authority of the SRG).
4. That the appointment of the Leader of the Council along with the Cabinet Members with responsibility for Economic Development, Resources, The Environment and Customer Experience, ICT and Commercial Partnerships to act as members of the Shareholder Reference Group be approved, each for a term of 4 years (provided that where an individual Member ceases to hold the relevant role during the allotted term, their replacement in that role or such role as the Leader may identify as its replacement shall also take over the role of Member of the Shareholder Reference Group for the remainder of the term or such other term as the Leader may specify).
5. That on the appointment of the Members whose roles are identified above, the Shareholder Reference Group be hereby established on 6 September 2022 and the terms of office for the Members referred to in the second resolution above shall also commence on the same date.
6. That the Head of Legal and Democratic Services, in consultation with the Leader of the Council, be given the delegated authority to draft Terms of Reference for the Shareholder Reference Group (SRG) for incorporating into East Suffolk Council’s Constitution, including a quorum of three for meetings of the SRG which must include the Leader of the Council (or the Deputy Leader of the Council in the absence of the Leader), the appointment of a Shareholder Representative from the members of the SRG and the inclusion of such other provisions as will enable the SRG to provide strategic oversight of the Council’s companies and support the development of those companies.