Issue - meetings

Report of Service Director: Legal and Governance detailing proposals for amendment to key decision thresholds for decisions taken at LATCO Board meetings by SCC appointed Officers and Members in order to ensure compliance with approved Company Articles and companies’ law, attached.

The Committee considered the report of the Service Director: Legal and Governance detailing the Local Authority Trading Company (LATCO) Amendments to Key Decision Thresholds at Company Board Meetings. 

The Committee did express some concerns in relation to the proposed amendments but noted that there would be a fuller report and discussions at the Council’s Annual General Meeting on 16^th May 2018 on this matter.  In addition the Committee noted that the LATCO would form part of the Authorities Accounts and as such would be subject to Overview and Scrutiny, Internal Audit, External Audit and relevant to the letter of opinion provided by External Audit.

The Committee also requested that the relationship between the Committee and LATCO be subject of further consideration at its July meeting.

RESOLVED:

(i)  That the changes to the “Key Decision” threshold as it applied to Council appointed representatives (Officers and Members) exercising decisions as Directors and Shareholders of the LATCO at Board and Shareholder meetings and in relation to LATCO Company decision making in accordance with the Articles of the Company as set out in Appendix 1 of the report be recommended to Council for adoption; and

(ii)  That the relationship between Governance Committee and LATCO be considered at the July meeting of the Committee.