Issue - meetings

The Executive Director of Finance and Corporate Resources presented a report that outlined proposals for the introduction of the Shareholders Committee for the Leisure company that was approved by Council in September 2018. 

Since that Council meeting the company had been named Rubicon Leisure.  The Shareholders Committee of Rubicon Leisure would have a number of powers and responsibilities.  The Council was the single shareholder in the leisure company and was in a position to delegate all of the relevant powers, including reserved matters, to the Shareholders Committee.   This governance structure was considered to be preferable to placing Members on the board of Rubicon Leisure.  In other parts of the country where Members had been appointed to the board of a company this had created conflicts of interest and had caused problems for the Councils concerned.

RECOMMENDED that

1)        a Shareholder Committee is established of 5 members. The Committee to take the form of 3 members from the controlling group and 2 members from the opposition; and

2)         the reserved matters as detailed in paragraph 3.3 of the report be delegated to the Shareholder Committee.