Lib Dems modernise control of Woking Borough Council’s companies
Woking Borough Council owns outright, or has an interest in, a number of trading companies. They were formed to deliver council objectives in a more efficient and effective manner. These companies include the ThamesWey group of companies which is regenerating Sheerwater and Victoria Square Woking Ltd which is regenerating Woking town centre. Last year, whilst still in opposition, Woking Lib Dems instigated a Review of all WBC's finances which was conducted by accountants EY. This review contained a series of recommendations including modernising the way these companies are held to account.