Issue - decisions

The Future of Guildford Borough Holdings

22/09/2022 - The Future of Guildford Borough Holdings

Decision:

To delegate authority to the Joint Strategic Director of Transformation and Governance in consultation with the Monitoring Officer and Leader of the Council the power to take all steps necessary to implement the winding-up of Guildford Borough Council Holdings Limited and to enter all agreements necessary to enable this matter to be completed.

 

Reason:

To fulfil the Council’s corporate governance duties in respect of its subsidiary company.

 

Other options considered and rejected by the Committee:

To not approve the proposed winding up of GBCH

Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted:

None.