Decision details

By way of matters arising it was noted that the committee would meet quarterly to tie in with the Company Board meetings.

The Chair referred to the matter raised by Councillor Ryves at the previous meeting regarding the Audit Committee being able to scrutinise the Companies.  It was noted that the Monitoring Officer was due to respond on the point, but it was also noted that the Audit Committee would be given access to Audits undertaken on the Companies, and the accounts were published documents, and the Corporate Performance Panel would be able to Scrutinise the Shareholder Committee. 

The Chair made reference to the Company’s finance that the risk premium could potentially be reduced from 2% to 1% because the level of loss wouldn’t be in the exceptional range because of the underlying assets purchased at the same time.  He also asked for Finance to be added as a rolling item on the agenda.  Councillor Ring also commented that the changing political agenda nationally could reduce risk.