Mike's Vodafone Shares
Just to explain the situation with Mike Whitby's Vodafone Shares.
Councillors (and MPs) need to declare "pecuniary interests" where they may be influenced by a conflict of interest between their own personal finances and those of the common good.
As far as shares go a "pecuniary interest" or "prejudicial interest" is defined as having shares with a nominal or face value of 25K or over 1% of the company. Note that this is not a market value of 25K.
The reason for this limit is that for a large company (eg Vodafone) whether or not one or even 20 masts are installed will not affect their market value. Hence the two matters do not conflict.
Mike Whitby was criticised
for not declaring that he held 2,014 shares in Vodafone which have a Nominal Value of 107.13 whilst having a market value of around £2,800. Either way the shares are well below the 25K limit.
(For those new to Birmingham Mike Whitby is the leader of the Conservatives on the City Council and Leader of the City Council whilst I am Deputy Leader of the Council)