Decision details

To approve the Shareholder Agreement for HDC Ventures Limited as set out in Appendix 1.

To approve The Articles of Association for HDC Ventures Limited as set out in Appendix 2.

In order that HDC can proactively pursue its intention to be financially self-sufficient by 2020, it is essential that the Council establishes a robust infrastructure within to operate a number of commercial activities. Approval of the appended Shareholder Agreement and Articles of Association enables the formation of HDC Ventures Limited as the holding company in the Council’s ‘commercial arm’. This will provide the basis for the subsequent formation of the corporate entities the Council requires to effectively deliver commercial services.

None considered

None.