RESOLVED: The Shareholder Committee
1. Approved the Annual Assurance Report to the Audit Committee from the Shareholder attached as Annex 1, subject to any approved amendments by the Shareholder Committee.
2. Delegated to the Monitoring Officer authority to make approved amendments to the Annual Assurance Report plus any non-material amendments to reflect operational updates between the Shareholder Committee meeting and submission of the report to Audit Committee.
3. That the final Annual Assurance Report be submitted to Audit Committee for their
consideration.
4. Requested the following actions are dealt with by Officers:
· Valuation Methodology Review
· Record Keeping Section Addition
· Governance Document Traceability
· KPI Development and Oversight Roles
· Reporting on Enhancement Actions and Board Reporting on Shareholder Recommendations
REASON FOR DECISION: To fulfil the Shareholder Committee’s Terms of Reference and enable Audit Committee to complete their Terms of Reference in providing assurance over the Council Companies and forms a key part of risk mitigation of the following corporate risk:
R12 Council owned companies Managing performance, finances, liabilities and the
relationship between the Council and its wholly owned companies in accordance with the governance agreements