Issue - meetings
STRATEGIC INVESTMENT BOARD ANNUAL REPORT - FINANCIAL YEAR 2021/22 WITH 2022/23 MID YEAR UPDATE
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Meeting: 28/03/2023 - Cabinet (Item 43)
Additional documents:
- Mid-year Strategic Investment Board Report (Part One, Annex A), item 43
PDF 731 KB
- Webcast for STRATEGIC INVESTMENT BOARD ANNUAL REPORT - FINANCIAL YEAR 2021/22 WITH 2022/23 MID YEAR UPDATE
Decision:
RESOLVED:
1. That Cabinet endorses the Annual Report of the Strategic Investment Board.
Reasons for Decisions:
- 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 annual report was introduced by the Leader who explained that the council had a number of investments in companies and trading companies designed to deliver income and efficiencies. The council had not invested in any commercial properties for a number of years. The Strategic Investment Board was supported by a number of senior officers and there were a number of governance arrangements in place to support any decision making around investments. The report set out the companies the council had ownership off and percentage ownership off. All companies were financially sound and contributed to the councils budget.
RESOLVED:
1. That Cabinet endorses the Annual Report of the Strategic Investment Board.
Reasons for Decisions:
- 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)