Oh my goodness! Some of our councillors partners are "members" (like shareholders) of the CIC and have a financial liability (albeit for £1) if the company goes bust. One councillor was a director of it too. According to the companies articles of association, he was still liable for the company up to a year of after his resignation (which happened in May 2023) In September 2023, all these people voted to grant the company £3,000 of council money.
I wrote to the district council to complain, as I felt it was an undeclared interest, but they decided that on speaking to those people, they were happy that no foul had been committed on the basis that they all said they hadn't directly gained from the money being given to the company. Without it though, the company would barely break even; last year it had a surplus of £800.
I put a number of arguments back to the monitoring officer, but "the decision was made". I took it to the ombudsmen who told me if I could always take the matter to the police myself. Needless to say, getting the police to investigate "usual" crimes under laws that a 5 year old knows is hard enough, so I didn't bother.