Agenda item

Members sought clarification on the role and powers of the Financial Investment Board and other related Committees and requested that a paper be brought to the next meeting of the Investment Committee, setting out the agreed role and powers of the Board along with the role of the Investment Committee (its parent Committee) and how this fits with the strategic role of the Policy & Resources Committee and its Resources Allocation Sub Committee.

RESOLVED: That a report would be submitted to the 20 July 2012 Investment Committee, defining the role and powers of the Investment Committee, Financial Investment Board, Policy & Resources and its Resource Allocation Sub Committee.