Issue - meetings

To consider the Terms of Reference.

Members discussed whether to include the terms of reference of the Investment Board in the Commercial Strategy. The terms of reference would need to be approved by Cabinet, as would any changes, while changes to the Commercial Strategy would need to be approved by Council.

Members noted it was important for the terms of reference to include the Board’s status, purpose and outcomes, and how governance would be implemented and monitored.

Councillor Dean said he was concerned that the terms of reference only required a quorum of 7 out of its twelve members. His preference would be for a quorum of 5 or 6 out of a board of 7 members.

Councillor Light said the Board was exclusively male and while she respected the talent on the Board, it would be positive for it to be more diverse.