URL: https://democracy.somerset.gov.uk/ieDecisionDetails.aspx?ID=2280

Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Purpose:

Content: Having been duly proposed and seconded, the Executive Resolved to:-       I.         Agree the Somerset Council Company Governance Protocol as set out in the annex to the report.     II.         Agree to establish a new Shareholder Executive Sub-Committee as an Executive Sub-Committee on the basis of the Terms of Reference set out in Appendix 1.    III.         Amend the Property and Investment Executive Sub-Committee’s Terms of Reference as set out in Appendix 2.   IV.         Delegate authority to the Monitoring Officer, in consultation with the Leader of the Council, to update Part E of the Constitution to reflect the changes.     V.         Instruct the Monitoring Officer to update all relevant Shareholder Agreements and reporting protocols to align with the revised governance arrangements.   VI.         Note that Scrutiny Committee for Corporate and Resources and the Audit Committee would continue to review the effectiveness of the governance framework and provide assurance on risk, internal control, and performance monitoring for the Council’s wholly/partially owned companies and commercial investments.

Date of Decision: April 1, 2026