Issue - meetings

Cabinet Member: Future Economy and Innovation

Forward Plan Ref: 2025/168

Contact: Sadie Patamia, Corporate Governance Manager – Enterprise Oxfordshire (Sadie.Patamia@oxfordshire.gov.uk)

Report by Director of Economy and Place (SC8).

The Shareholder Committee is RECOMMENDED to:

Support the recommendations of the Enterprise Oxfordshire company board held on 31 July 2025 to:

a)    Approve the Change to Signatories and Financial Scheme of Delegation (see Annex 1)

The Committee had before it a report outlining proposed changes to Enterprise Oxfordshire’s scheme of delegation and bank signatories’ mandate.

Officers presented the report and raised the following points:

-       The bank signatories mandate was required to be updated due to long-term absence and Enterprise Oxfordshire’s Chief Executive (CEO) leaving the role at the end of September. Two other senior officer roles within Enterprise Oxfordshire were proposed as being bank signatories.

-       The financial scheme of delegation needed to be updated along similar lines to allow the continuation of operations.

-       Some of the financial delegation limits were being uplifted in line with the new roles created.

The Committee thanked Nigel Tipple, the outgoing CEO, for his service to Enterprise Oxfordshire and its predecessor organisation, over many years, and wished officers on long-term leave their sympathies and best wishes.

Officers clarified that they felt these proposals would be sufficient for when the CEO departed at the end of September.

The Shareholder Committee thanked officers for their work and agreed to the recommendations in the report.

RESOLVED to:

Support the recommendations of the Enterprise Oxfordshire company board held on 31 July 2025 to:

a)    Approve the Change to Signatories and Financial Scheme of Delegation (see Annex 1)