The Council incorporated a wholly owned Company Seven Arches Investment Limited (SAIL) in 2019 and appointed two officers as Directors.

Due to the forthcoming resignation of one Director the appointment of a replacement will need to be ratified by the shareholders as set out in the shareholders agreement.

Cllr Hossack MOVED and Cllr Poppy SECONDED that the recommendations within the report. A vote was taken by a show of hands and was RESOLVED UNANIMOUSLY.

Members are asked to:

R1. To agree to the appointment of the Director of Policy and Delivery, Greg Campbell, as a Director of Seven Arches Investment Limited from 1st August 2022.

R2. Remove Phoebe Barnes as Director of Seven Arches Investment Limited following receipt of her resignation.

Reasons for Recommendation

To comply with the provisions of the shareholders agreement between SAIL and the Council.