Agenda item

Report of the Chamberlain

The Board considered a report of the Chamberlain updating Members on the new PRI reporting framework, which would apply to the Board’s next annual submission to the PRI in March 2021. The Chamberlain introduced the report and drew Members’ attention to the key points. Reporting against the new framework would begin from Q1 2021 onwards and was expected to be more challenging for all signatories.

The Board considered the request for delegated authority to approve the new Senior Leadership Statement. The Chairman advised that if the Statement was prepared with sufficient time it could be circulated to the full Board for comment ahead of final approval.

RESOLVED – That the Financial Investment Board:

a)    Note the report; and

b)    Delegate authority to Town Clerk, in consultation with the Chairman and Deputy Chairman of the Financial Investment Board, to approve the Senior Leadership Statement as per paragraph 5(b).