URL: https://easthants.moderngov.co.uk/ieDecisionDetails.aspx?ID=391

Decision Maker: Shareholders Sub-Committee

Outcome:

Is Key Decision?: No

Is Callable In?: Yes

Purpose:

Content: RESOLVED that it was:   Approved to provide the shareholder consent for East Hampshire Norse Ltd to enter into a Limitation of Liability Agreement with PricewaterhouseCoopers for the statutory audit of the 2024/25 financial accounts.   Reasons for the decision   To provide decision on a limitation of liability agreement (LLA) with the company's auditors is a matter reserved for the shareholders under Schedule 1, Part 1, Section EE of the Shareholders' Agreement. (Appendix 1)   As per the Council's updated constitution, the Shareholder Sub Committee has the delegated authority from Cabinet to exercise shareholder consents directly. A formal decision was sought from the Sub Committee to approve the company’s request to enter an LLA for the 2024/25 statutory audit.   Alternative Options Considered   Officers reviewed the proposal and considered the risk to the Council to be low. Refusing to enter into the LLA would prevent the finalisation of the company’s statutory accounts, representing a significant compliance failure. Given the Shareholders Sub Committee's delegated authority, a direct decision can now be made.

Date of Decision: October 30, 2025