The Shareholder AgreementShareholder Agreement • November 19th, 2015
Contract Type FiledNovember 19th, 2015The Shareholder Agreement will be a legally binding agreement between the Council and the Local Authority Trading Company (LATC) and will regulate how the LATC is to be managed. It will define the balance of the power between the Council as the shareholder and the LATC directors. The agreement will also set out the Reserved Matters, i.e. what the LATC cannot do.