Terms of Reference of the Shareholder Sub Committee are:
To receive reports and approve Key Decisions (those
decisions related to, but not limited to, borrowing of funds,
changes and appointments to senior management structure, strategic
policy adoption) of HTS Group and its subsidiaries, including, but
not exclusively, the Articles of Association, the scheme of
delegation, the appointment of Board Advisors, the appointment to
any standing committees of the HTS Group and its subsidiaries and
determining shareholder controls.
To be consulted on the appointment and dismissal of
Statutory Directors for HTS Group and its subsidiaries and external
To hold all HTS Group Boards to account.
To receive and agree the Business Plans for HTS
Group Limited and its trading subsidiaries.
To receive financial and performance monitoring
reports and accounts for the HTS Group and its
To approve activities and thresholds contained in
each scheme of delegation for HTS Group and its
To be consulted and approve any proposals to change
the HTS Group Limited and any subsidiary corporate
Relationship between the Shareholder Sub Committee
(“SCC”) and HTS Group and its subsidiaries
The SSC may consider the options available to all
HTS Group trading arms with a view to improving performance or
mitigating adverse consequences in the light of actual or
reasonably anticipated circumstances. In addition the SSC may offer
non-binding proposals, recommendations and opinions (all without
liability on the part of the Council or any individual member) on
any matter affecting the Council as a shareholder of the HTS Group.
The SSC shall take into consideration the interests of the Council
in giving any proposals, recommendations or opinion to the HTS
Group and its trading arms.
HTS Group and its subsidiaries shall provide for
each SSC meeting at least one Director from each trading arm
qualified and authorised to address SSC Agenda items and issues
listed for consideration by the Members of the SCC.
Upon request from the SSC, HTS Group and its
subsidiaries shall provide:
Copy agendas and support papers provided to any HTS
Group Boards at the same time as the Boards (except for minutes
that shall be supplied following signature).
Supply the SSC with all information and data
reasonably requested by the SSC to enable it to reach an informed
judgement on any matter within its purview under these Terms of
Meetings of the SCC for the HTS Group are open to
Members of the public, subject to the statutory exemptions
contained in the Local Government Act 1972.