27 Creating a Local Authority Owned Trading Company 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.