That a TorVista Shareholder Panel be established with membership, terms of reference and operation as set out at Appendix 1.

To enable improved communications between Torbay Council and TorVista.

None

This decision will come into force immediately.

Following the Council’s establishment of TorVista, a wholly owned company of the Council, the governance oversight of TorVista by the Council is proposed via the establishment of a Shareholder Panel. The purpose of the TorVista Shareholder Panel will enable the Council, as the single shareholder, to have a strategic role to work with and hold to account TorVista. The TorVista Shareholder Panel will operate at a high strategic level and will include the Leader and Deputy Leader of Torbay Council, the Chief Executive of the Council, the Director of Place of the Council, the TorVista Board Chairperson, the TorVista Board Vice Chairperson and the Managing Director (interim) of the TDA. The proposed TorVista Shareholder Panel would be classified as a ‘shareholder board’ in terms of its governance status.

In accordance with paragraph 1.23 of the Officer Scheme of delegation (establishment of new outside bodies), the Chief Executive consulted with the Leader of the Council on 21st June 2022.

None