The Company’sCEO submitteda reportupdating theCommittee onactivity acrossthe whole rangeof theCompany’s activity.

Members were updated on the following key areas:

·         Partner Fund collaboration.

·         An update on progress in relation to corporate functions including the expected outturn for the Operating Budget.

·         The key business risks to the organisation, noting that Political risk continues to be significant.

Following discussion it was:

RESOLVED: To note the contents of the report.