Roles and Responsibilities as a Shareholder


Event summary

This new workshop will provide delegates with a practical and detailed understanding of how public bodies can meet their role as shareholder of newly established trading companies.


26 April 2018
Starts: 10:00
Ends: 15:30


CIPFA Mansell Street
77 Mansell Street
E1 8AN
[See map]

Standard price

£325.00 excl VAT

Network Member Price

£295.00 excl VAT

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About this event

The last few years have seen a huge growth in public bodies setting up external trading companies to generate additional income. It is critical that governance arrangements are clearly developed, as the company will be managed by the board and the company’s senior staff. Nevertheless, safeguards and arrangements for oversight which protect public bodies from poor performance and excessive risk taking are required. It is also vitally important that arrangements are put in place that makes it clear which decisions the directors can only make with the approval of the public body.

A thoughtful shareholders’ agreement can be one of the most valuable tools a public body can create when setting up trading companies. For a public body, one of the most important factors is that a shareholders’ agreement can obligate it to vote for certain individuals to the board of directors to ensure continuity of leadership, and ensure the aspirations and ethos of the public body is maintained by the trading company while maintaining commercial independence.

Who should attend?

Public sector transformation, commercial directors, managers, accountants, lawyers and finance managers who want to understand implications of setting up trading subsidiaries and agreeing a robust shareholder agreement.

How will I benefit?

The event will help you to:

  • ensure that the shareholder committee is ‘fit for purpose’
  • review options for the shareholder committee to ensure the trading company meets the aspirations and ethos of the public body
  • appreciate limits of the company to dependence on the public body as a shareholder
  • demonstrate which decision making powers remain with the shareholder, once the company goes live
  • explain how the shareholder agreement can be used to control the activities of the company and the company’s operational matters.

CPD hours

Four and a half.


  • Accounting
  • / Alternative service delivery
  • / Financial management
  • / Financial reporting
  • / Governance
  • / Local government
  • / Treasury management
  • / Value for money

Download programme schedule

PDF 242.83 KB

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