George Graham presented a report outlining the proposed changes to the Joint Committee’s approach to the oversight of the work of the Border to Coast operating company and the how this is supported by the Officer Operations Group(OOG).

Discussions took place around the need to avoid duplication of the work of individual pension committees, with the quarterly performance reviews moving to an Investment OOG. The need to ensure a clear mechanism is in place for raising issues that may require Joint Committee input prior to the annual review was also raised.

It was noted that to allow any new process to settle it is proposed to leave the previously agreed proposal to carry out an effectiveness review of the Joint Committee in abeyance and return to it once these new arrangements and any changes in membership are in place.

RESOLVED:

          i.          To approve the changes to the way in which the Committee’s agenda is structured and the way in which the Committee relates to the OOG as outlined in the body of this report.

        ii.          To agree to leave the effectiveness review of the Joint Committee in abeyance as outlined in the report. A timeline to be provided by the OOG at the June meeting.

       iii.          To agree that the OOG will report to the Joint Committee by exception any in year issues.