69 18/00008 Review of KCC Company Ownership and Governance
To receive an update on the governance, management and development of the proposed holding company for KCC’s wholly-owned trading vehicles
Additional documents:
Minutes:
Ben Watts (General Counsel) and Andy Woods (Corporate Director of Finance) were in attendance for this item.
1. Richard Long (Cabinet Lead for Traded Services) introduced the report which provided an update on the governance, management and development of the proposed holding company for KCC’s wholly-owned trading vehicles.
2. Mr Watts provided a brief summary regarding the proposed arrangements for Member scrutiny and the governance arrangements for the Holding Company. He said that following previous discussions a Member panel would be created and would be included in the Council’s informal governance framework as part of the Council’s revised Constitution that would go to full County Council in May 2018.
3. In response to a question, Mr Wood said a decision had yet to be taken regarding the format of accounts.
4. RESOLVED that the report be noted.