Council-Owned Entities
Below are Cornwall Council's business entities.
- Corserv Solutions Ltd
- Treveth LLP
- Celtic Sea Power Ltd
- Langarth Garden Village (LGV)
- Cornwall Housing Ltd
These pages detail the broader responsibilities of the entities, highlighting their unique governance arrangements and providing supporting information.
Role of Entities
Council-owned entities provide services on behalf of the Council and actively contribute to achieving key objectives that benefit the residents of Cornwall.
Shareholder/Owner Representative
Each entity has a designated Shareholder/Owner Representative responsible for exercising the Council's decision-making powers. These powers pertain to matters reserved for the Council (reserved matters). Typically, the Chief Executive serves as the representative unless this responsibility is delegated.
The Role of Members in Council-Owned Entities
Members play a crucial role in overseeing and guiding the operation of Council-owned entities. Below is an outline of their involvement across various committees and roles:
Cabinet or Leader Decision-Making
- Approval of Business Plans: The Cabinet or Leader approves the strategic business plans of Council-owned entities.
- Approval of New Entities: Business cases for establishing new entities are reviewed and approved.
- Decisions on Reserved Matters: Authority for certain reserved matters is delegated to the Cabinet.
- Delegation of Key Decisions: The Cabinet may delegate specific decisions to an individual officer.
Corporate Finance and Performance (CFP) Overview and Scrutiny Committee
- Scrutiny Role: Performs an oversight and scrutiny function for matters falling under the Corporate Finance and Performance portfolio.
- Recommendations to Cabinet: Provides recommendations on the business plans of Council-owned entities.
Audit Committee
- Annual Assurance Review: Reviews the Annual Shareholder/Member Reports from an assurance perspective.
- Advisory Role: Offers advice to the Shareholder/Owner regarding compliance and governance.
Shareholder/Owners Board
- Composition: Comprises the Leader, Deputy Leader, and relevant Portfolio Holder.
- Advisory Function: Advises the Shareholder on strategic matters, including reserved issues, without making decisions.
- Endorsements: Endorses business plans and Shareholder/Member reports to safeguard the Shareholder’s position.
Portfolio Holder
- Lead Role: Acts as the primary Executive Member responsible for overseeing Council-owned entities on behalf of the Shareholder/Owner.
This structure ensures robust governance, oversight, and alignment with strategic objectives for the benefit of the residents of Cornwall.