On 9 July 2026 Cabinet
Committee Group Company Governance:-
(i) Noted
the briefing provided in the report on the Committee’s role and
responsibilities as the Council’s shareholder committee for Acivico, and on the
governance framework established by the Shareholder Agreement executed on 5
June 2025;
(ii)
Noted
the executed Shareholder Agreement with Acivico, attached at Appendix 1, to the
report;
(iii)
Noted
that the appointment of Council Directors to the Acivico Board remains
outstanding and that this represents a continuing governance and contractual
compliance issue under the Shareholder Agreement;
(iv)
Approved,
for shareholder governance purposes, the proposed short-term extension of the
appointment of the existing Chair of the Acivico Board for a further period of
12 months from July 2026;
(v)
Authorised
the Council’s authorised shareholder representative to exercise any necessary
formal shareholder consents, waivers or approvals required to give effect to
the decisions in the report, in accordance with the Council’s Constitution;
(vi)
Ratified
and endorsed the shareholder approvals, resolutions and information receipts
set out at Appendix 2, to the report, which were taken on the Council’s behalf
under officer delegated authority, including the shareholder resolutions dated:
·
10
February 2026, relating to the Integrated Management System and Sustainability
Policy; and
·
30
March 2026, relating to the Deed of Variation and Extension;
(vii) Noted
the schedule of forthcoming matters at Appendix 3, to the report, including the
anticipated September 2026 resolutions in respect of the Acivico statutory
accounts for 2025/26, the appointment of the external auditor for 2026/27, and
the Letter of Representation; and
(viii) Noted
that the Group Business Plan for 2026/27, the five-year forecast and the Group
Business Plan Review have been submitted but not formally approved, and that
the Business Plan process is expected to be superseded by the Acivico Group
Turnaround and Growth Strategy, received on 9 June 2026 and scheduled for
submission to Cabinet for consideration in July 2026, with the outcome to be
reported to the Committee in due course.
THIS
DECISION IS NOT SUBJECT TO CALL IN