Issue details

This report seeks approval of the governance arrangements for Oxford Castle Apartments Limited (OCAL), that will become a wholly owned company of Oxfordshire County Council, as part of the Castle Quarter acquisition. The paper will set out the proposed constitutional, shareholder and oversight framework required to ensure that the company is operated in a controlled, transparent and proportionate manner, consistent with the Council’s statutory duties and governance standards. The arrangements will cover matters including the role of the Council as sole shareholder, appointment and responsibilities of directors, reserved matters requiring Member approval, and reporting and assurance mechanisms. The governance framework is designed to ensure that OCAL operates within its defined purpose and that appropriate controls are in place to manage risk and safeguard the Council’s interests.