Council Owned Entities
Below are Cornwall Council's business entities.
Role of Entities
Council Owned Entities deliver services on the Council’s behalf. They also help achieve key goals that benefit Cornwall’s residents.
Shareholder/Owner Representative
The Council is the Shareholder/Owner for each Council Owned Entities. As a default, this function is discharged by the Leader of the Council. The Owner can appoint a Shareholder/Owner Representative which will usually be the Chief Executive of the Council, but maybe another Senior Officer. The Shareholder/Owner or Shareholder Representative will ordinarily approve all reserved matters and some maybe referred to Cabinet.
The Chief Executive is the Shareholder/Owner Representative for Corserv Ltd, Cornwall Housing Ltd, Treveth Holdings Ltd and Langarth Village LLP.
The Chief Operating Officer and Section 151 is the Shareholder/Owner Representative for Celtic Sea Power.
The role of Members in Council Owned Entities
Members help oversee and guide these entities. Their involvement spans several committees and roles, as listed below.
Cabinet or Leader Decision Making
Cabinet reviews the performance of the Council Owned Entities against their business plan through Cabinet quarterly performance reporting.
Business plan approval
Cabinet or Leader approves strategic business plans.
New entities
Cabinet review and approve proposals to set up new entities.
Reserved matters
They handle key decisions on reserved matters.
Delegated authority
The Cabinet can pass specific decisions to an officer.
Overview and Scrutiny Committee
Scrutiny role
The Corporate Finance and Performance (CFP) Overview and Scrutiny Committee (OSC) carry out the scrutiny function of the Shareholder/Owner's Board and can call the Shareholder/Owner's Board to account on any relevant matter. Each Council Owned Entity must produce one and four-year business plans which are subject to comment from CFP OSC and approved by Cabinet.
Recommendations to Cabinet
Provides recommendations on the business plans of Council Owned Entities.
Audit Committee
The Council's Audit Committee provides comment on the Annual Shareholder/Member Reports which reports against progress against the business plan and approves the Council's accounts.
Annual review
Looks at Annual Shareholder/Member Reports to ensure compliance.
Advice
Gives governance and compliance advice to the Shareholder/Owner.
Endorsements
Reviews business plans and reports to protect the Shareholder’s interests.
Shareholder/Owners Board
The Shareholder/Owners Board provides strategic assurance to the Shareholder/Owner that their interests are protected.
Chair
Comprises the Leader and Deputy Leader (Chair)
Advisory function
Advises the Shareholder on strategic matters, including reserved matters, without making decisions.
Endorsements
Endorses business plans and Shareholder/Member reports to safeguard the Shareholder’s position.