This committee will remain in existence
for the period of the DLUHC statutory direction, unless it is
agreed by commissioners that there is no longer a need for
it.
It is a Cabinet Committee with the
following remit:
·
Monitor and review the
Council’s asset disposal programme.
·
Make recommendations
to Cabinet on disposals that fall within the definition of a key
decision or are otherwise reserved to Cabinet.
·
Make decisions on any
disposals that are not reserved to Cabinet, where officers have
declined to exercise delegation due to a need for the decision to
be made by elected members.
·
To consider the roles
and case for continuing with each company of the Authority (except
Slough Children First);
·
To ensure that the
Directors appointed by the Authority are appropriately skilled in
either technical or company governance matters and that each Board
functions effectively under the terms of an explicit shareholder
agreement and a nominated shareholder representative;
·
To approve shareholder
agreements, or changes to current agreements, on behalf of the
Council;
·
To receive a report on
their activities and performance, at least annually and in person,
from any/all of the Directors, appointed by the Council to any
council company under their remit;
·
To mandate the
Council’s shareholder representative to act in particular
ways such as voting on resolutions;
·
To require the
directors and officers of any council company to attend meetings of
this Cabinet Committee to report on the current financial health
and prospects of their company; and
·
To establish a plan to
internalise, close or sell as appropriate any council company which
it is decided not to continue in its current form.