Issue - meetings

Wholly Owned Company for Communication Services

 

 

Meeting: 15/01/2014 - Cabinet (Item 27)

27 Creating a Local Authority Owned Trading Company pdf icon PDF 78 KB

Decision:

Cabinet agrees in principle to the establishment of a company which would be limited by shares and owned wholly by the council.

 

Cabinet notes that a further report will be brought forward at the earliest opportunity outlining governance and board membership arrangements as well as a business case for the company before any trading activity commences.

Minutes:

A report was submitted to ask Cabinet to agree in principle to the creation of a local authority company to allow commercial trading in communications activities.

 

Resolved:

 

a)    Cabinet agrees in principle to the establishment of a company which would be limited by shares and owned wholly by the council.

 

b)    Cabinet notes that a further report will be brought forward at the earliest opportunity outlining governance and board membership arrangements as well as a business case for the company before any trading activity commences.