Issue - meetings

To consider the Commercial Strategy.

The Director - Finance and Corporate Services gave a summary of the report, which updated the Commercial Strategy. He outlined the links to the Corporate Plan and to the Medium Term Financial Strategy position shown as at 16 January 2020. He stated that there were significant challenges moving forward and there was a legal requirement to set a balanced budget.

In response to a Member suggestion, the Director - Finance and Corporate Services and the Assistant Director - ICT and Facilities agreed to provide examples of some opportunities that had been rejected at an early stage.

The issue of ethical investments was raised.  The Director - Finance and Corporate Services agreed to insert a statement in respect of behaving ethically into the document.

AGREED that, with the agreed insertion in respect of behaving ethically, an amendment to Paragraph 43f and after consideration of identified typos, the Investment Board endorses the attached Commercial Strategy and requests Cabinet to approve the 2020 – 2024 Commercial Strategy for submission to Full Council for adoption.