Decision details

Audio Recording - The report being considered was a Part 2 report, therefore no audio recording was made.

The Service Director – Resources presented the report entitled Trading Company Update together with the following appendices:

·            Appendix A - Draft Business Case; 

·            Appendix B - Draft Articles of Association.

A detailed discussion took place with the following Members asking questions and taking part in the debate:

·            Councillor Paul Clark;

·            Councillor Ian Albert;

·            Councillor Keith Hoskins.

RESOLVED:

(1)    That the content of the report entitled Trading Company Update be noted;

(2)    That the Service Director – Commercial be requested to investigate the status of those acting as “Directors” when the company is not yet registered.

REASON FOR DECISIONS: To keep Members informed on the progress in setting up a trading company.

NB: At the conclusion of consideration of the Part 2 report, the Sub-Committee returned to Part 1 to consider any recommendations (Minute 7 refers).