Outside Body Appointment

View Outside Body

Name:
Kingstown Works Ltd - Board of Directors
Start Date:
08/11/2006
Address:
C/o Democratic Services, Hull City Council, The Guildhall, Alfred Gelder Street, Hull
HU1 2AA
Contact Phone
01482 615059
Democratic Services
Max No of Representatives:
9
Representation(s) Compulsory Y/N:
Y
Representation Length (Term of Office):
12 Months
There are Currently 1/9 appointments vacant
NameStart DateEnd DateDetails
Councillor Daren Hale Wed 8 Nov 2006 Term: 1 year
Councillor Deborah Matthews Thu 17 May 2018 Term: 1 Year
Councillor Diana Hatcher Thu 17 May 2018 Term: 1 Year
Councillor John Fareham Thu 27 Dec 2007 Term: 1 year
Councillor Lynn Petrini Thu 17 May 2018 Term: 1 Year
Councillor Maria Coward Thu 18 May 2017 Term: 1 Year
Councillor Peter Allen Thu 18 May 2017 Term: 1 Year
Councillor Rob Dunstan Thu 17 May 2018 Term: 1 Year
Outside Body:              Kingstown Works Limited                             
Web link to Organisation's Website:  Kingstownworks.co.uk
Form of Organisation:
 Local Authority Controlled Company

6. Reserved Matters:
 

6.1    When establishing the company in 2006 Cabinet determined, among other things, that:
6.1.1 The Company be limited by shares;
6.1.2 Between 7 and 9 directors be appointed from among members of the Council;
6.1.3 Directors not receive remuneration for their services, but instead receive reasonable expenses equivalent to those contained in the Members' Allowance Scheme;
6.1.4 Directors receive compulsory training on an on-going basis in respect of their fiduciary and Member duties, as conflicts of interest between member’s fiduciary duty to the company and duties to the Council may arise from time to time;
6.1.5 One third of works relating to Decent Homes, Planned Maintenance and Responsive Repairs be awarded to the new company, subject to the demonstration of fitness for purpose;
6.1.6 That the Cabinet establish a Shareholding Committee to enable consultation to take place with the company and that reporting, monitoring and review mechanisms be established in connection with the work of the company;
6.2 The 2006 report identified the need for Council to reserve certain matters to itself to ensure that the requirements of control were met.  Within the reserved matters was identified a requirement of compliance with the Local Authorities (Companies) Order 1995 or any order replacing or amending the same; 
6.3  The Local Authorities (Companies) Order 1995 proscribes that a regulated company shall not pay to a regulated director remuneration, travelling expenses or subsistence, in excess of the greatest amount which would for the time being be payable by the relevant authority in respect of a comparable duty performed on behalf of that authority, less any amount paid by that authority in respect of the relevant duty to the regulated director in question; 
6.4 In addition it was stipulated that the company would not, without the consent of the Council;
6.4.1 Introduce any change int he business of the company, except as provided for in the Business Plan/Annual Budget;
6.4.2  Borrow any sum other than in accordance with the Company's bank facility in the normal course of business; 
6.4.3  Make any loan or advance or give any credit (other than normal trade credit) to any person, except for the purpose of making deposits with bankers which shall be repayable upon the giving of no more than seven days notice;
6.4.4 Sell, transfer, lease, assign or otherwise dispose of a material part of the undertaking, property and/or assets of the Company (or any interest in any material part of the undertaking, property and/or assets of the Company and/or any of its subsidiaries), or contract to do so;
6.4.5  Enter into any contract, arrangement or commitment involving expenditure or capital account or the realisation of capital assets in excess of £10m otherwise than as provided for in the Annual Budget;
6.4.6  Issue or grant any right or option to subscribe for or otherwise acquire any un-issued shares for the time being comprised in its share capital or create or issue any new shares, except as expressly permitted by the Articles;
6.4.7 Alter any rights attaching to any class of share in the capital of the Company; 
6.4.8  Alter any rights attaching to any class of share in the capital of the Company; 
6.4.9 Register any transfer of any share in the company otherwise than in accordance with the Articles;
6.4.10 Consolidate, sub-divide or convert any of the Company's share capital or in any way alter the rights attaching to its shares;
6.4.11 Issue renounceable allotment letters or permit any person entitled to receive an allotment of shares to nominate another person to receive that allotment except on terms that no such renunciation or nomination shall be registered unless the renouncee or person nominated is approved by the Board;
6.4.12 Do or permit or suffer to be done any act or thing as a result of which the Company or subsidiary is insolvent; 
6.4.13 Issue any debentures or other securities convertible into shares or dentures or any share warrants or any options in respect of shares;
6.4.14 Appoint or dismiss any director;
6.4.15 Change the Company's articles of association.

Object(s) of the Organisation        See Governance Documents
Representation:     9
Total Number of Directors/Trustees:             

 Other Directors/Trustees not appointed by the Council:

 1.                                                                                                             
 2.
 3.


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