Councillors and committees

Agenda and minutes

Venue: Committee Room, Woodhatch Place, Cockshot Hill, Reigate

Contact: Huma Younis, Committee Manager  Email: huma.younis@surreycc.gov.uk

Note: Due to IT issues this meeting will not be webcast live 

Items
No. Item

29/21

Apologies for Absence

    • Share this item

    To note any apologies for absence.

    Minutes:

    Apologies were received from Becky Rush.

30/21

Minutes of the Previous Meeting pdf icon PDF 188 KB

    • Share this item

    To approve the minutes of the meeting held on 27 July 2021.

    Minutes:

    These were agreed as a correct record of the meeting.

31/21

Declarations of Interest

    • Share this item

    All Members present are required to declare, at this point in the meeting or as soon as possible thereafter

    (i)            Any disclosable pecuniary interests and / or

    (ii)           Other interests arising under the Code of Conduct in respect of any item(s) of business being considered at this meeting

    NOTES:

    • Members are reminded that they must not participate in any item where they have a disclosable pecuniary interest
    • As well as an interest of the Member, this includes any interest, of which the Member is aware, that relates to the Member’s spouse or civil partner (or any person with whom the Member is living as a spouse or civil partner)
    • Members with a significant personal interest may participate in the discussion and vote on that matter unless that interest could be reasonably regarded as prejudicial.

     

    Minutes:

    There were none.

32/21

Questions and Petitions

    • Share this item

    To receive any questions or petitions.

    Minutes:

    There were none.

     

33/21

STRATEGIC INVESTMENT BOARD 2021/22 MID-YEAR REPORT TO CABINET pdf icon PDF 221 KB

    • Share this item

    As part of its strategy to innovate in developing new models of delivery and to benefit from the freedoms introduced by the Localism Act, Surrey County Council had made investments and created trading companies to deliver income and efficiencies and in doing so has established a Strategic Investment Board, which reports annually to the Council. The purpose of the Board is to safeguard the Council’s interest as shareholder and to take decisions in matters that required the approval of the Council as owner of a company. 

     

    Additional documents:

    Minutes:

    The report was introduced by the Strategic Finance Business Partner who explained that the mid-year report provided an update on the performance of the councils shareholdings and highlights the financial performance following the completion of audits of the companies in which the council holds 100% shareholdings and also gives an update on the performance of companies where the council has smaller shareholdings. The report would be considered by Cabinet on 30 November with the Board’s agreement.  

     

    RESOLVED:

     

    That the 2021/22 Mid-Year Report of the Strategic Investment Board (Annexes A and B) are endorsed and presented to Cabinet on 30 November 2021.           

     

    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.

     

34/21

Exclusion of the Public

    • Share this item

    That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting during consideration of the following items of business on the grounds that they involve the likely disclosure of exempt information under the relevant paragraphs of Part 1 of Schedule 12A of the Act.

     

35/21

STRATEGIC INVESTMENT BOARD 2021/22 MID-YEAR REPORT TO CABINET

    As part of its strategy to innovate in developing new models of delivery and to benefit from the freedoms introduced by the Localism Act, Surrey County Council had made investments and created trading companies to deliver income and efficiencies and in doing so has established a Strategic Investment Board, which reports annually to the Council. The purpose of the Board is to safeguard the Council’s interest as shareholder and to take decisions in matters that required the approval of the Council as owner of a company. 

Minutes:

This Part 2 report contains information which is exempt from Access to Information requirements by virtue of paragraph 3 – Information relating to the financial or business affairs of any particular person (including commercially sensitive information to the bidding companies).

 

A separate confidential Part 2 minute was done for this item.

 

36/21

Publicity for Part 2 Items

    • Share this item

    To consider whether the item considered under Part 2 of the agenda should be made available to the Press and public.