Decision details

RESOLVED:

The Strategic Investment Board formally noted the following decisions taken by SHIP:

1.    To accept the resignation of the Managing Director (MD). The MD is expected to leave Hendeca by 30 May 2025.

2.    To appoint an Interim MD from within the Council’s current staff.

3.    To appoint a Board Director from within the Council’s current staff.

4.    To allocate resource from the Council’s People and Change team to support the Interim MD in managing the staff consultation process that was previously directed by the Shareholder Investment Panel (SHIP) to proceed.

Reasons for Decisions:

·         To ensure the company’s operations and administration can continue to function effectively.

·         To ensure the company’s Board can be quorate, fulfil its legal duties and take necessary decisions in supporting the MD in the administration of the company

·         Take the legally required steps in commencing staff consultation on the future of the company.

(The decisions on this item can be called-in by the Resources and Performance Select Committee)