Agenda and minutes

To receive any apologies for absence.

Apologies for absence were received from Councillor Archer.

Councillor Lewanski chaired the meeting.

This meeting was originally scheduled to be held on 15 September 2022 and was rearranged to allow for the National Period of Mourning for Her Majesty Queen Elizabeth II.

To approve the minutes of the previous meeting as a correct record.

RESOLVED to approve the minutes of the previous meeting on 21 July 2022 as a correct record.

To receive any declarations of interest.

There were no declarations of interest.

To consider required Shareholder Actions for Greensand Holdings Limited for the accounts and auditor appointments.

The Committee as shareholder representative for Greensand Holdings Limited (‘the Company’) considered the report and received the Company’s Directors’ Report and Audited Financial Statements for the year ended 31 December 2022 as set out in the exempt annex at Part 2 of this agenda. It considered all the actions set out in the Recommendations in order that the Company can meet its statutory obligations under the Companies Act 2006.

It was RESOLVED that the Committee:

(i)               Approved the re-appointment of Kreston Reeves LLP as auditor for Greensand Holdings Limited for the year to 31 December 2022.

(ii)              Authorised the Directors of the Company to fix the auditors’ remuneration for the year to 31 December 2022 as set out in the exempt annex at Part 2 of the agenda.

(iii)            Authorised the Portfolio Holder for Investment and Companies to sign on behalf of the Council as shareholder, the shareholder ordinary resolution confirming approval of recommendations (i) to (iii) as set out in the exempt annex at Part 2 of the agenda.

To consider required ‘Shareholder Actions’ as partner representative for Horley Business Park Development LLP for the accounts and auditor appointment.

This agenda item – Shareholder Actions – 26 September 2022 (b) Horley Business Park Development LLP – was removed from the agenda as the Accounts due to be received had not been finalised. This agenda item will be brought to a future meeting of this Committee.

RECOMMENDED that members of the Press and public be excluded from the meeting for the following item of business under Section 100A(4) of the Local Government Act 1972 on the grounds that:

(i)               It involves the likely disclosure of exempt information as defined in paragraph 3 of Part 1 of Schedule 12A of the Act; and

(ii)              The public interest in maintaining the exemption outweighs the public interest in disclosing the information.

RECOMMENDED that members of the Press and public be excluded from the meeting for the following item of business under Section 100A94) of the Local Government Act 1972 on the grounds that:

(i)               It involves the likely disclosure of exempt information as defined in paragraph 3 of Part 1 of Schedule 12A of the Act; and

(ii)              The public interest in maintaining the exemption outweighs the public interest in disclosing the information.

To consider any other urgent business.

There was no other business.

RESOLVED that: The Commercial Ventures Executive Sub-Committee notes the exempt information in relation to the Shareholder Actions – 26 September 2022 (a) Greensand Holdings Limited report, as set out in the Part 2 exempt report.