Decision

RESOLVED: The Shareholder Committee

1. Approved the revised Terms of Reference as set out at Appendix A
2. Agreed that the revised Terms of Reference be recommended to Cabinet for formal adoption.
3. Noted that the Terms of Reference will continue to be reviewed annually.

REASON FOR DECISION:

The current Terms of Reference state “The Shareholder Committee will review the Terms of Reference annually.” This review is in line with this requirement.