Agenda item

Governance Update

To provide Committee Members with an update on governance related matters including progress with the Business Plan and training

Decision:

(a)  The Committee noted the update.

(b)  The Committee approved the changes to the timelines for governance tasks in the business plan as outlined in paragraph 1.01.

(c)  The Committee agreed the next training sessions should be arranged relating to specific subject matters as referred to in paragraph 1.08.

Minutes:

Mr Latham updated the Committee on the latest Governance issues for the Fund including a slight change to some timescales in the business plan.  He noted that the Fund carried out a compliance check against The Pensions Regulator's requirements, which Mrs Fielder and Mrs Williams had recently reviewed with oversight from the Board. Where the Fund were not compliant, there were actions where appropriate.

 

            In terms of governance related risks, those that were within the direct control of the Fund were relatively low.  There were some high-risk areas for the Fund, associated with external factors such as regulatory changes and the impact of the COVID-19 outbreak.

 

            Mr Latham wished to gauge the view of the Committee in respect of the timing of future training days for the Committee. The Committee agreed to the arranging of the training days to commence as soon as possible and therefore Mrs McWilliam confirmed she would be in touch with some potential dates for these sessions.

 

Cllr Bateman asked whether the Fund have made any progress on recruiting a web specialist. Mrs Williams confirmed that a specialist had been appointed internally from another Council department where they had been part of the Graduate Trainee programme. She emphasised the positive appointment and looked forward to the experience they would bring to the team.

 

RESOLVED:

 

(a)  The Committee noted the update.

(b)  The Committee approved the changes to the timelines for governance tasks in the business plan as outlined in paragraph 1.01.

(c)  The Committee agreed the next training sessions should be arranged relating to specific subject matters as referred to in paragraph 1.08.

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