The purpose of the
Shareholders Sub-Committee is to approve and oversee the Council's
strategic objectives across Havant Borough Council’s
companies and to support the development of these companies in line
with the Council's regulations and ambitions. The Shareholders
Sub-Committee will provide strategic oversight of the
Council’s companies and provide assurance to the Cabinet that
these companies are compliant with the Council’s
constitution, rules and procedures;
achieving best value; and are fit for purpose. The Shareholders
Sub-Committee will not have operational control over the
Council’s companies. The day-to-day operation of each company
is the responsibility of the Directors of each company. Operational
liaison with the Council’s companies will be between the
client service of the Council and the managing Director of each
company.