Issue - meetings

The Cabinet considered a report of the Chief Executive regarding the proposed governance arrangements, Members’ Agreement and Articles of Association for the new Place Marketing Organisation and the proposed appointments to the Company’s Board of Directors.  A copy of the report, marked ‘18’, is filed with these minutes.

Mr. Rushton CC welcomed the progress being made on this project and the joint work being undertaken by the County and City Councils.

RESOLVED:

(a)       That with regard to the new place marketing organisation (PMO) “Marketing Leicester and Leicestershire Limited”, the governance arrangements outlined in paragraphs 20 to 27 of the report, the Members’ Agreement (Appendix A), and the Articles of Association (Appendix B) be approved;

(b)       That the proposed appointments to the PMO’s Board of Directors as set out in paragraphs 22 and 23 of the report, be approved;

(c)        That the Chief Executive, following consultation with the Leader of the Council, be authorised to approve the final version of Schedule 2 and the Appendix of the Members’ Agreement, which will be finalised following further discussions with Leicester City Council and prior to the formation of the PMO.

REASONS FOR DECISION:

Prior to the establishment of the PMO company as agreed by the Cabinet in November 2016, the governance arrangements and supporting company documents (i.e. the Members’ Agreement and the Articles of Association) must be agreed by both the County and City Councils.