Decision details

1.    To seek authorisation to enter in to a new Shareholder Agreement
between Ubico Ltd and Shareholder Councils for the purpose of implementing a new board composition that will:

(a) Include three new independent non-executive directors for the purpose of addressing a skills gap identified in the current board; and

(b) Provide an option (but not an obligation) for the Shareholder Council’s to appoint three Local Authority Directors to act on behalf of all of the Shareholder Councils.

2.    To approve a written special resolution for UBICO Ltd to adopt new Articles of Association that will reflect the new board composition arrangements described above; and

3.    To approve an ordinary written resolution of UBICO Ltd to appoint three new Independent Non- Executive Directors to its board.

Any representations should be sent to:

Wayne Lewis

Tel. 01452 425504 Email. Wayne.lewis@gloucestershire.gov.uk

By 5pm on Monday 13 January 2020

Please refer to the published decision statement for details relating to this decision.