Issue details

The approval of Millstream Property Investment Ltd’s accounts is reserved for the shareholder (the council) by the terms of the Shareholder Agreement made between the council and Millstream.
The Shareholder Rep is the appropriate person to exercise this power on behalf of the shareholder in line with his role to attend general meetings or enter into communication with the company in place of such meetings as agreed by the Executive at its meeting of 5th September 2017 as Millstream has, legitimately, determined that approval of the accounts should be carried out outside of a general meeting.
Helen Standen was appointed by the Leader as the Shareholder Rep in relation to the council’s dealings with Millstream on 24th December 2024 under authority to do so delegated by the Executive on 5th September 2017. Therefore, she is has the authority to approve Millstream's accounts.