Issue - meetings

That:

1)        the progress of the work to effect the merger be noted;

2)        the business case enabling the implementation work to continue be approved;

3)        a further update be provided at its March meeting on the progress of implementation;

4)        the virement of £40k from the Royal Borough of Windsor and Maidenhead shareholder payment be approved and an increased debt of £55k for the Holding Company, to fund the costs of implementation, be agreed.

(Councillor Anthony Pollock declared a personal and prejudicial interest in this item)

The Executive considered a report setting out the progress of the work to effect the merger of Optalis Ltd with the Royal Borough of Windsor and Maidenhead (RBWM) whereby Optalis would deliver RBWM’s adult social care services and RBWM would acquire a 45% shareholding in the company.

The Executive Member for Health and Wellbeing advised the meeting that one of the intentions when setting up Optalis was to widen it to include other partners and working with RBWM was the first step towards this aim.

RESOLVED That:

1)        the progress of the work to effect the merger be noted;

2)        the business case enabling the implementation work to continue be approved;

3)        a further update be provided at its March meeting on the progress of implementation;

4)        the virement of £40k from the Royal Borough of Windsor and Maidenhead shareholder payment be approved and an increased debt of £55k for the Holding Company, to fund the costs of implementation, be agreed.