Issue - meetings

To consider a joint report of the Chief Operating Officer, Cheshire East Council, and the Director of Resources, Cheshire West and Chester Council, on the structure for the Board of Directors for CoSocius Limited

Consideration was given to a report which sought agreement on the structure for the Board of Directors for CoSocius Limited and the high level design for the Company operation model.

Agreement for the Board Structure was necessary to commence the recruitment process for the three Non-Executive positions (including Chairman) and the new post of Commercial & Corporate Development officer.  It was hoped that the Board would start operating during the latter part of the shadow mode in order to deliver effectively after 1 April 2014.

Whilst some organisations were able to recruit non-executive directors at nil cost it, was agreed that a remuneration package would be offered as it would encourage a range of applicants to apply and held with board member retention.  A budget for non-executive director costs had been included in the original Business Case.  

RESOLVED: That

(1)       the CoSocius Limited Board structure, as outlined in section 11 of the report, and the high level organisational design for the Company, as outlined in section 12 of the report, be approved.

(2)       approval be given for the recruitment of the Chairman, Non-Executive Directors and the Commercial & Corporate Development Officer.

(3)       approval be given for a remuneration package for Non-Executive Directors.