Issue details

Ubico Shareholder Agreement

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

Decision type: Non-key

Decision status: Recommendations Approved

Notice of proposed decision first published: 18/12/2019

Decision due: Between 2 Jan 2020 and 17 Jan 2020 by Cabinet Member - Finance and Change

Lead member: Cabinet Member - Finance and Change

Contact: Wayne Lewis, Head of Joint Waste Management Email: wayne.lewis@gloucestershire.gov.uk.

Consultees

Ubico Shareholders – Gloucestershire County Council, Cheltenham Borough Council, Cotswold District Council, Forest of Dean District Council, Stroud District Council, Tewkesbury Borough Council and West Oxfordshire District Council

Scrutiny Input: None

Planned Dates: Decision to enter in to new Shareholder Agreement to be taken between 2 - 10th January 2020.

Decisions

Documents