Issue - meetings
UPDATE ON BUSINESS CASE FOR THE BROADWATER HUNDRED AND BROADWATER HUNDRED PROPERTY MANAGEMENT LIMITED
Meeting: 19/03/2024 - Cabinet Sub-Committee (Local Authority Trading Companies' Shareholder) (Item 47)
47 APPOINTMENT OF DIRECTORS TO BROADWATER HUNDRED LIMITED 
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REPORT OF THE SERVICE DIRECTOR – ENTERPRISE
The purpose of this report is to seek approval to appoint two new company directors to Broadwater Hundred Limited.
Additional documents:
Decision:
RESOLVED: That the Sub-Committee approved the appointment of the named officers provided in appendix A as a company director for Broadwater Hundred Ltd.
REASON FOR DECISION: To ensure that the Councils company is complying with the company’s Articles of Association.
Minutes:
Audio recording – 5 minutes 50 seconds
The Service Director – Enterprise presented the report entitled ‘Appointment of Directors to Broadwater Hundred Limited’ and advised that:
· The Service Director – Enterprise was currently the only director of Broadwater Hundred Limited.
· This report was seeking approval to appoint the Service Director – Housing and Environmental Health as a second director.
· The signed notice of willingness of appointment as a director could be found in Appendix A, included within the supplementary pack.
· The aim was to eventually have three directors of the company to enable meetings to be held and to provide better resilience within the role of the holding company.
· There was an error in Appendix A and ‘Officers’ should read ‘Officer’.
In response to questions from Councillor Ian Albert, the Service Director – Enterprise advised that:
· Training for the new director had taken place at the same time as the training for the directors of the property management company which had already been arranged.
· The Council were still looking to appoint an Officer from NHC as a third company director.
Councillor Alistair Willoughby proposed and Councillor Keith Hoskins seconded and, following a vote, it was:
RESOLVED: That the Sub-Committee approved the appointment of the named officers provided in appendix A as a company director for Broadwater Hundred Ltd.
REASON FOR DECISION: To ensure that the Councils company is complying with the company’s Articles of Association.