RESOLVED

1.    That the creation of a Holding Company using a Separate Groups Model to form a CHAS group structure in principle be approved.

2.    That authority be delegated to the Director of Corporate Services to finalise the creation of the holding company and to approve and enter into the associated legal documentation.

The Chair introduced the report which proposed the creation of a holding company for CHAS 2013 Ltd (Contractors Health and Safety Assessment Scheme)which would ensure CHAS was as efficient and profitable as possible.  The Director of Environment and Regeneration advised that the proposal would give the Council more flexibility to bring benefits to the Council.  The Chair welcomed the report and that the Council ran CHAS on behalf of the country.

RESOLVED

1.    That the creation of a Holding Company using a Separate Groups Model to form a CHAS group structure in principle be approved.

2.    That authority be delegated to the Director of Corporate Services to finalise the creation of the holding company and to approve and enter into the associated legal documentation.