Issue - meetings

The report of the Chief Executive is attached.

It was RESOLVED that Cabinet endorsed:

a)               the recommended alterations to the directorship of Rushcliffe Enterprises Ltd (REL);

b)               the recommendation to remove the current company secretary; and

c)               the recommendation not to appoint another company secretary until such time as this became necessary

The Leader, Councillor Robinson, presented the report of the Chief Executive outlining proposals to simplify the structure of Rushcliffe Enterprises Ltd (REL).

Councillor Robinson stated that this item followed on from the previous item, and advised that REL currently had four directors, which included three members, plus the Chief Executive and a company secretary.  Cabinet noted that it was the sole shareholder of both the Streetwise trading companies, and it was now sensible to make this company dormant and to release the legal obligations.  Councillor Robinson advised that if needed, the company could be made live again and used as a trading entity and so it was sensible to leave it dormant.

In seconding the recommendation, Councillor Edyvean reiterated that this was a procedural matter linked to the previous item and agreed that it was prudent to leave REL dormant.

It was RESOLVED that Cabinet endorsed:

a)               the recommended alterations to the directorship of Rushcliffe Enterprises Ltd (REL);

b)               the recommendation to remove the current company secretary; and

c)               the recommendation not to appoint another company secretary until such time as this became necessary