Issue - meetings

RESOLVED that in consultation with the Portfolio Holder for Growth, the Council’s Chief Executive be granted delegated power to formally approve the appointment of Councillor Anne Clarke, as nominated by Executive and formally accepted by Dragonfly Development Ltd and Dragonfly Management (Bolsover) Ltd, to the Boards of Directors.

Executive considered a detailed report which sought approval for the nomination of a Director(s) to the Board of Directors for Dragonfly Development Ltd and Dragonfly Management (Bolsover) Ltd.

Further to the resignation of Councillor Steve Fritchley as Chair and Director on the Dragonfly Group Board of Directors, Councillor Deborah Watson had been elected as Chair of the Board.

Councillor Fritchley’s resignation had created a vacancy on the Board of Directors of both companies and therefore all Councillors were invited to express an interest in becoming a Director on the Boards.

The Members who had expressed an interest were:

·       Councillor Duncan Haywood

·       Councillor Anne Clarke

On 23^rd October 2024, the Dragonfly Board held informal interviews with both Councillors Clarke and Haywood and requested Executive ratify their decision to formally nominate Councillor Anne Clarke to the Board of Directors.

Moved by Councillor Sandra Peake and seconded by Councillor Steve Fritchley

RESOLVED that in consultation with the Portfolio Holder for Growth, the Council’s Chief Executive be granted delegated power to formally approve the appointment of Councillor Anne Clarke, as nominated by Executive and formally accepted by Dragonfly Development Ltd and Dragonfly Management (Bolsover) Ltd, to the Boards of Directors.

Reasons for Recommendation

Appointment to the Dragonfly Group Boards of Directors is undertaken in accordance with the agreed governance arrangements within the Shareholder Agreement dated 2nd May 2023.

Alternative Options and Reasons for Rejection

It is a requirement for the Executive to formally nominate Members to the Boards of Directors for the wholly owned companies, however, there is no set number of Directors required.

Executive may decide to formally nominate either or both Councillors who have expressed an interest, however, the existing Dragonfly Board have expressed their preference at Appendix 1 to the report.

Councillor Anne Clarke and Junior Cabinet Member Councillor Duncan Haywood returned to the meeting.