Issue - meetings

Strategic Investment Board Annual Report - Financial Year 2019/20

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Meeting: 23/02/2021 - Cabinet (Item 47)

Webcast for 23/02/2021 - Cabinet

47 Strategic Investment Board Annual Report - Financial Year 2019/20 PDF 300 KB

Additional documents:

Decision:

RESOLVED:

That Cabinet make the following recommendations to the Council on 16 March 2021.

1. That Cabinet recommends that Council endorse the Annual Report of the Strategic Investment Board.

Reason for Decision:

To inform the Council about the activities of the Strategic Investment Board.

The Strategic Investment Board has been established in accordance with best practice governance to ensure effective oversight and alignment with the strategic objectives and values of the Council.

[The decisions on this item can be called in by the Resources and Performance Select Committee]

Minutes:

The report was introduced by the Leader who explained that the council had a number of property portfolio investments and companies that trade and provide services back to the council and other third parties. The Strategic Investment Board approves and oversees council investments and was a combination of the previous Shareholder Board and Investment Board. The council had been cautious in its investment strategy. There had been some stresses in the retail sector but the council was not hugely exposed to this in comparison to other local authorities and had paused on investments, especially those outside the county.