DCHL directors are due to hold their annual meeting today, at which any changes to the structure of the board of directors and its subsidiaries are expected to be considered.
The meeting comes after a political storm erupted in late July, following an announcement Dunedin City Council companies would not be able to come up with $8 million of dividends to help pay for multimillion-dollar spending.
Mr Cull accused Cr Paul Hudson, who is also chairman of DCHL, of being less than forthcoming about the companies' financial situation, while Cr Hudson accused the mayor of not keeping up with company finances.
A independent report by reviewer Warren Larsen recommended councillors should not hold directorships with council companies; that directors of DCHL should not be directors of subsidiary companies; and directors should not have more than one position with those subsidiaries.
As well, he called for the DCHL board to be reconstituted, with three independent directors recruited nationally.
Mr Cull wanted the issue dealt with before the general meeting, but Mr Larsen came down with pneumonia, delaying a final resolution.
The issue was back before councillors during a two-hour briefing on October 17, but Mr Cull said afterwards any comment on the outcome was "a week or so" away.
Contacted again last week, he did not want to discuss the upcoming DCHL meeting, but said changes to the boards would be decided by the stakeholder - the council - rather than the boards.
"We will put them in place," Mr Cull said.
Asked his preference for the outcome of the meeting, he said: "I can't comment on that."
Cr Hudson could not be contacted last week, but DCHL chief executive Bevan Dodds said a list of recommendations would be considered at today's meeting.
Usually, decisions would then be referred to the next finance, strategy and development committee, and signed off at the following full council meeting.
However, an item on CCTO (council-controlled trading organisation) governance had also been included for discussion in the non-public part of today's full council meeting.
Mr Dodds declined to say what the recommendations to today's DCHL meeting were, or name the directors who would be required to stand down.
Each company was required to hold an annual meeting, and their constitutions also required one third of each company's directors to retire, then decide whether to seek re-election, he said.
Those required to retire - at least temporarily - were chosen using a rotating selection process, beginning with the longest-serving directors and then rotating each year, he said.
It was up to the council to select the directors of DCHL, and endorse the board's choices for the subsidiary companies' boards, he said.
Cr Hudson - who was also a director of DCHL subsidiaries Aurora Energy Ltd, City Forests Ltd and Delta Utility Services Ltd - retired from his DCHL post in 2009, only to be re-elected.
Earlier this year he said he was not opposed to restructuring, but was not up for re-election at this year's meeting.
Mr Dodds said he had a list of potential new directors interested in joining the companies' boards, but could not say whether changes would follow today's meeting.
"There have been some recommendations and some of those will be taken up. I don't know if there will be any changes."
The council was free to do "as it wishes" when it came to making changes, but he was not sure what would happen if councillors rejected DCHL's recommendations.
"It hasn't happened - yet."
