SpatchyIsOnline@lemmy.world 4 weeks ago
Why is a local council allowed to have shares in any private company? Conflict of interest surely?!
SpatchyIsOnline@lemmy.world 4 weeks ago
Why is a local council allowed to have shares in any private company? Conflict of interest surely?!
davetortoise@reddthat.com 4 weeks ago
The rationale behind it is they need to keep some reserves of cash in case of emergency or upfront funding for big projects, and the most financially sensible thing to do with the cash while it’s not in use is to invest it.
But yeah, I agree it’s a bit concerning. Hopefully there are some sort of guardrails in place