Committee details

Strategic Investment Board

Purpose of committee

Due to Covid-19 restrictions, if you plan on attending any SIB meeting and are a member of the public, please contact huma.younis@surreycc.gov.uk so the necessary arrangements can be made.

 

The Strategic Investment Board (SIB) monitors the Council’s trading activity and its investments in companies to ensure satisfactory performance and effective risk management. The financial returns delivered by trading and investment helps to ensure that we continue to deliver quality services to our residents.

 

The Board will:

 

 (a)       approve the allotment of further shares in a Company (whether

to third party shareholders or the Council)

 (b)       periodically evaluate financial performance of a Company

 (c)       approve the strategic direction of a Company

 (c)       approve the sale of the Council’s investment in a company

 (d)       agree capital or revenue investments of £1m and above proposed by a Company

 (e)       consider any recommendation from Company Directors to cease

trading

(f)         report to the Council annually on trading activity

(g)        consider and approve business case proposals concerning the use of the Council’s landholdings that contribute to the delivery of the Council’s investment strategy

(h)        approve all property investment acquisitions or disposals (unless law requires full council approval)

(i)         approve investment property asset management expenditure of £1m and above

(j)         approve the provision of finance to the Council’s wholly owned

property company, Halsey Garten Property Ltd

(k)        approve the strategic management of the overall portfolio to

ensure a balanced portfolio is maintained

(l)         approve non-property investments.

 

Membership

Contact information

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

Email: huma.younis@surreycc.gov.uk