Agenda and draft minutes

Apologies for absence had been received from Councillor Mark Crane.

Resolved –

That the Minutes of the meeting held on 16 July 2024, having been printed and circulated, be confirmed as read and signed by the Chairman as a correct record.

All Members are invited to declare at this point any interests they have in items appearing on this agenda, including the nature of those interests.

Councillor Gareth Dadd declared a non-pecuniary interest in Minute 52 on the basis that he was a director of Veritau.

Members of the public may ask questions or make statements at this meeting if they have given notice to Elizabeth Jackson, Principal Democratic Services Officer (Elizabeth.jackson@northyorks.gov.uk) and supplied the text by midday on Thursday 12 September, three working days before the day of the meeting.  Each speaker should limit themselves to 3 minutes on any item.  Members of the public who have given notice will be invited to speak:-

·          at this point in the meeting if their questions/statements relate to matters which are not otherwise on the Agenda (subject to an overall time limit of 30 minutes);

·          when the relevant Agenda item is being considered if they wish to speak on a matter which is on the Agenda for this meeting.

If you are exercising your right to speak at this meeting, but do not wish to be recorded, please inform the Chair who will instruct anyone who may be taking a recording to cease while you speak.

There were no questions or statements from the public.

Recommendation:  That the ShareholderCommitteenotes the update.

The report of the Assistant Director Commercial, Property and Procurement, providing a Quarter 1 financial and performance update for 2024/25 for the companies that make up the Brierley Group.

Kerry Metcalfe, Assistant Director Commercial, Property and Procurement, introduced the report, providing an overview of performance and highlighting the Quarter 1 achievements and challenges for the individual companies.  She reported that the year was going well and drew members’ attention specifically to the forecast pre-tax profit of £3.287m and a total shareholder value of £11.535m. 

Following recent discussions it was confirmed that annual governance checks for directors would take place and appropriate questions would be asked at interview to strengthen recruitment processes.

The Chief Executive reported that following reorganisation there had been an ongoing review of council owned companies.  The Assistant Director confirmed that work is ongoing to review commercial activity within the Council, which will allow governance and reporting arrangements to be further considered and reviewed. 

The Leader noted the turnaround for North Yorkshire Education Services (NYES) which was currently showing a forecast net profit of £0.41m.

Members noted the report and thanked officers for the update.

Purpose of the Report: To consider and develop the Work Programme for the Shareholder Committee

Members considered and endorsed the work programme for the Committee for the remainder of 2024/25.