| What does the Company have the freedom to
do? |
"Freedom within boundaries"
The Company is free to use its resources in any way it wishes to
deliver the "objects" for the Company set out in the Memorandum of
Association. It cannot do anything other than work towards those
objects - they are its "sole purpose".
However the objects set out a broad approach to the regeneration
of the district and allow the company considerable scope for
activity.
The following table illustrates the balance between the
"boundaries" set for the Company by the Council as set out in the
Memorandum of Association and the freedom to decide and act which
the Company has.
Council prescribes ... |
Company decides ... |
| Memorandum and Articles - including objects for the
company. |
Company rules, procedures and regulations - as long as they do
not conflict with the Memorandum and Articles.
Priorities for action to achieve the objects set by the Council -
to be set out in a Delivery Plan and provided to the Council within
4 months of the first Board Meeting. |
| Requirement to produce a Delivery Plan setting out how the
objects of the company will be addressed. |
Content of the Delivery Plan; priorities and actions to meet
the objects.
Allocation of funding to deliver the Plan. |
| Area based approach |
The areas - number and boundaries |
| Set u p Area Boards / Task and Finish Groups |
Number, membership, meeting arrangements, links to Community
Forums. |
|
| Page Last Updated |
| 21 October
2008 | |
|