To adopt the guidance document as being the detailed framework that business planning and financial and performance information is reported by the companies to the Shareholder Committee.

The Chair introduced this report noting that this item is seeking to adopt the guidance document as being the detailed framework that business planning and financial and performance information is reported by the companies to the Shareholder Committee.

Cllr Stoddart noted that the report sets out the best practice guidelines that should be adopted by both organisations.  The committee are asked to agree the three recommendations as set out in the report.

The chair proposed that the recommendations be agreed.

It was unanimously resolved that:

a)         The Council’s requirements for annual business planning for the                         companies shall follow the detailed Guidance;

b)         Financial and performance information shall be reported to this Committee as set out in the guidance document; and

c)         Notes the guidance in respect to decision making for and within the companies.

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