Agenda item

Report of The Chief Grants Officer.

Members considered a Report of the Chief Grants Officer, concerning benefits in kind (BIK), that are provided to external organisations.

The Chairman expressed his concerns that the Corporation had historically been complacent when reviewing its benefits in kind with external parties – too often, once an agreement was established, it remained in perpetuity with little oversight or review. The Chief Grants Officer suggested that the Proposed Corporate Policy (proposed in the Report) would address the Chairman’s concerns.

RESOLVED – That Members approved the following:

·         To agree the revised BIK definition;

·         To agree the proposed BIK policy to guide decisions approving BIK be adopted by the CoLC with effect from 1st April 2018.