Issue - meetings

Report of the Chief Financial Officer.

TO FOLLOW

The Chief Financial Officer reported that, further to the report on governance considered by the Committee the previous year, it had been agreed that the frequency of attendance by Fund Managers at Committee meetings would be reviewed. It was reported that this was underway, and that a full report providing recommendations to the Committee on a reduction in the frequency of attendance by Fund Managers and an increase in the amount of time available for the Committee to consider issues such as the review of the investment strategy and the fund valuation would be presented at a future meeting.

The Committee welcomed any proposal that would enable the Committee to act flexibly and to allow more time for consideration of significant issues such as the investment strategy. The Chief Financial Officer reported that the Council was planning to ensure that the Committee had the time available to fully consider all the necessary issues, and that proposals would be brought to the Committee for consideration.

RESOLVED

That the verbal update be noted.