Shareholder Committee
The Shareholder Committee comprises six Members. It encompasses NABCEL (Nuneaton and Bedworth Community Enterprise Limited) which is the Council’s private company established to operate in the commercial sector in order to generate additional revenue for the Council. The NABCEL Board comprises of two Executive Directors and three non-executive Directors.
The Executive Directors are Council Officers and the non-executive Directors are Members of the Council, appointed by Council. To ensure that the company operates within the law and in accordance with its Governance documents, the Shareholder Committee was established to monitor the company’s performance and to approve certain matters reserved to the shareholders.
The committee will also monitor Grayson Place (NBBC) Ltd, a private company set up by the Council to operate the newly built Hotel by Hilton and any future limited company set up by the Council in accordance with the terms of reference for this committee.