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RESOLVED: The Shareholder
Committee
 
1. Approved the Annual Assurance Report to the
Audit Committee from the Shareholder attached as Annex 1, subject
to any approved amendments by the Shareholder Committee.
 
2. Delegated to the Monitoring Officer
authority to make approved amendments to the Annual Assurance
Report plus any non-material amendments to reflect operational
updates between the Shareholder Committee meeting and submission of
the report to Audit Committee.
 
3. That the final Annual Assurance Report be
submitted to Audit Committee for their
consideration.
 
4. Requested the following actions are dealt
with by Officers:
 

·        
Valuation Methodology Review

·        
Record Keeping Section Addition

·        
Governance Document Traceability

·        
KPI Development and Oversight Roles

·        
Reporting on Enhancement Actions and Board Reporting on Shareholder
Recommendations
 
REASON FOR DECISION: To fulfil
the Shareholder Committee’s Terms of Reference and enable
Audit Committee to complete their Terms of Reference in providing
assurance over the Council Companies and forms a key part of risk
mitigation of the following corporate risk:
 
R12 Council owned
companies Managing performance, finances, liabilities and the
relationship
between the Council and its wholly owned companies in accordance
with the governance agreements