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By way of matters arising it was noted that
the committee would meet quarterly to tie in with the Company Board
meetings.
 
The Chair referred to the matter raised by
Councillor Ryves at the previous meeting regarding the Audit
Committee being able to scrutinise the Companies.  It was noted that the Monitoring Officer was due
to respond on the point, but it was also noted that the Audit
Committee would be given access to Audits undertaken on the
Companies, and the accounts were published documents, and the
Corporate Performance Panel would be able to Scrutinise the
Shareholder Committee. 
 
The Chair made reference to the
Company’s finance that the risk premium could potentially be
reduced from 2% to 1% because the level of loss wouldn’t be
in the exceptional range because of the underlying assets purchased
at the same time.  He also asked for
Finance to be added as a rolling item on the agenda.  Councillor Ring also commented that the changing
political agenda nationally could reduce risk.