Issue - meetings

As part of its strategy to innovate in developing new models of delivery and to benefit from the freedoms introduced by the Localism Act, Surrey County Council established a Shareholder Board, which reports annually to the Council.   The purpose of the Board is to safeguard the council’s interest as shareholder and to take decisions in matters that require the approval of the Council as owner of a company. 

[The decisions on this item can be called in by the Council Overview Board]

1.       That the first Annual Report of the Shareholder Board, Annex A to the submitted report, be endorsed and that the report be presented to Council at its meeting in October.

2.       That the Council’s strategic approach to innovation and evaluating new models of delivery, ensuring that this innovation is supported by best practice governance arrangements, be continued to be supported.

Reasons for Decisions:

To inform the Council about the activities of the Shareholder Board. Continued innovation will enable the Council to continue to respond to the challenges it faces and will contribute to enhancing its financial resilience in the longer term.  The Shareholder Board has been established in accordance with best practice governance to ensure effective oversight and alignment with the strategic objectives and values of the Council.

[The decisions on this item can be called in by the Council Overview Board]

The Leader of the Council introduced the annual report of the Shareholder Board and explained it was the first report to be presented to Cabinet. He stated that the Council had established a Shareholder Board, which would report to Council annually and that this report will be presented at the County Council meeting in October.   

RESOLVED:

1.      That the first Annual Report of the Shareholder Board, Annex A to the submitted report, be endorsed and that the report be presented to Council at its meeting in October.

2.      That the Council’s strategic approach to innovation and evaluating new models of delivery, ensuring that this innovation is supported by best practice governance arrangements, be continued to be supported.

Reasons for Decisions:

To inform the Council about the activities of the Shareholder Board. Continued innovation will enable the Council to continue to respond to the challenges it faces and will contribute to enhancing its financial resilience in the longer term.  The Shareholder Board has been established in accordance with best practice governance to ensure effective oversight and alignment with the strategic objectives and values of the Council.