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Description
Cabinet Committee Group Company Governance - 17 March 2022 - 2.00pm
A
Governance
committee
this
is
to
advise
the
meeting,
will
be
webcast
for
live
or
subsequent
broadcast
by
the
council's
youtube
site
and
that
members
of
the
present
public
may
record
and
take
photographs
except
where
they
are
confidential
or
exempt
items
number
two
apologies
double
wear:
we've
had
apologies
from
councilman,
moore
and
councillor
jones,
so
in
depth
is
absence.
I
am
chairing
with
clarity.
A
A
So
can
we
take
those
agreed
and
then
quickly
on
to
company,
update
and
reminder?
This
is
the
public
section?
There
will
be
an
opportunity
to
discuss
any
commercial
sensitive
issues
in
the
private
agenda
which
we'll
move
on
to
once
you've
come
through
here
so
alison.
Is
there
anything
on
the
company
update
to
bring
to
our
attention
in
the
public
section.
B
It's
it's
quite
a
short
report.
As
you'll
see,
there
are
three
changes,
just
two
three
of
them
involving
counsellors,
so
they're
they're
mentioned
there.
We've
had
some
company
audits
company
accounts
admitted
been
through
the
audit
reports,
there's
nothing
to
report
on
any
of
those
on
the
private
agenda.
As
you
say,
there
is
a
report
on
company
performance
to
do
with
any
sort
of
risk
issues
from
current
circumstances.
A
B
The
council
does
a
review
of
all
its
subsidiaries
and
associates
to
ascertain
both
whether
they
need
to
be
consolidated
and
included
in
the
council's
accounts
and,
if
so,
what
their
risk
environment
is,
what
their
accounting
policies,
how
do
their
financial
statements
get
recorded
and
generally
sort
of?
How
is
the
company
faring?
So
this
piece
of
work
is
carried
out
twice
during
the
year.
The
first
one
is
to
understand
the
size
and
the
position
of
the
companies,
and
then
the
second
one
goes
back
with
those
far
more
detailed
questionnaires.
B
So
the
audit
committee
has
the
responsibility
for
signing
off
the
council's
financial
statements.
This
assessment
of
all
the
group
companies
is
part
of
that,
so
the
questionnaires
have
come
here
first
for
you
on
the
private
agenda
for
you
to
consider,
but
if
there
are
any
issues
that
you
wish
to
raise
on
any
of
the
companies
reported.
B
If
we
could
do
that
on
the
private
agenda-
and
I
will
either
attempt
to
address
those
questions
in
the
meeting,
I
will
go
back
to
the
companies
and
or
I
can
raise
any
issues
in
the
actual
final
report
that
will
go
to
the
audit
committee.
I'm
just
checking.
I
think
it's
either
on
the
20.
I've
got
the
29th
in
mind.
29Th
of
march,
I
think
it
is.
A
B
B
They
will
attend
on
the
private
agenda,
so
on
the
public
agenda,
we
have
the
pen
portrait
that
outlines
the
relationship
between
unique
ventures,
birmingham
and
the
council.
So
I'm
happy
to
just
go
through
that
for
you
and
it's
just
to
be
clear
that
unique
ventures.
Birmingham
is
not
a
subsidiary
of
the
city
council,
it
is
a
subsidiary
of
the
repertory
theater
and
we
have
a
joint
commercial
venture
with
them.
Obviously
we
occupy
the
same
building
and
this
this
arrangement
came
out
of
the
creation
and
building
of
the
library
of
birmingham.
B
We
have
two
directors
appointed
to
the
board
and
those
are
chris
jordan
from
neighborhoods
and
guy
oliver
from
council
management
this
year.
That
agreement
is
due
for
renewal
and
so
the
company's
been
invited
to
the
met
to
the
meeting
just
to
outline
to
to
the
committee
what
it
does,
what
its
business
plans
may
be
and
and
to
discuss
that
that
either
contract
renewal
or
do
we
move
to
some
sort
of
corporate
structure.
So
it
was
a
it's
a
discussion
for
the
private.
A
C
C
Okay,
it
seems
we're
having
enormous
problems
today,
technology
wise
just
about
everyone.
I've
spoken
to
today:
okay,
I'm
tr
training.
Since
the
last
committee
meeting,
a
group
of
finance
officers
have
received
training
geared
towards
the
companies
on
which
they
serve
as
finance
officers,
and
similarly,
a
group
of
members
elected
members
who
sit
on
boards
of
some
of
our
arts
and
culture.
Companies
have
received
training,
that's
tailored,
particularly
to
that
sector.
C
A
couple
who
are
unable
to
make
it
will
be
trained
separately
and
the
benefit
of
this
targeted
training
was
really
the
ability
to
highlight
particular
areas
of
risk
associated
with
that
sector.
So,
for
example,
we
were
able
to
drill
down
into
hospitality,
for
instance
in
that
area,
making
sure
that
people
were
cited
on
how
easy
it
is
to
become
rather
conflicted
when
expensive
entry
tickets
are
given
for,
for
particular
things,
for
instance,
so
there'll
be
more
targeted.
C
Training
being
rolled
out
as
time
goes
on
the
director's
roles
and
responsibilities,
training
the
the
big
training
that
we
have
once
a
year.
The
the
big
session
will
be
post-election
this
year
and
that
will
provide
new
and
returning
directors
with
the
legal
compliance
expectations
and
that
session
will
be
provided
later
in
the
year
by
the
civil
service
training
arm.
C
We
also
identified
some
time
ago
the
need
for
some
board
effectiveness,
training
for
any
of
our
nominated
directors,
but
particularly
for
those
serving
in
trading
companies
such
as
the
civical
wholesale
markets.
You
know
those
types
of
companies,
particularly
our
wholly
owned
companies,
so
building
on
the
roles
and
responsibilities
training,
then,
which
would
be
taken
as
the
base
training
for
all
directors.
C
We've
identified
an
excellent
private
sector,
commercial
director
and
lecturer.
He
lectures
for
the
british
venture,
capital
and
private
equity
association
and
a
number
of
other
institutions
of
that
ilk.
He
will
deliver
that
training
after
the
roles
and
responsibilities,
training
and
so
we're
now
moving
slightly
towards
autumn
time.
I
suppose,
and
that
will
immediately
after
the
new
intake
post
may
elections
and
the
training
that
he
will
provide
will
be
to
cover
things
like
board
performance
and
and
why
it
matters
when's
the
board,
not
a
board,
and
how
do
you
measure
it?
C
He
will
be
going
into
exactly
what
the
purpose
of
the
board
is
and
and
how.
Quite
importantly,
this
psychology
of
a
board
differs
relevant
to
such
things,
equity
holdings
or
voting
powers
and
seniority,
and
so
he
really
will
be
drilling
down
into
it
and
he'll
be
looking
at
things
like
conflicts
of
interest.
A
Thank
you
connie,
so
in
terms
of
time
scale,
for
that
there
will
obviously
be
a
necessity
to
the
agm
won't
be
until
the
end
of
may
so
I'd
imagine.
This
training
will
take
place
later
in
the
summer,
because,
obviously
it's
going
to
take
a
little
while
for
the
groups
to
sort
out
their
nominations
and
whatever
you
know,
sort
out,
directorships
and
those
other
things.
So
there
will
be
a
bit
of
a
natural
lag.
I
guess
before
we
had
a
good
time
to
run
this
training.
C
A
C
So
we're
in
the
process
of
preparing
a
couple
of
questionnaires
that
are
aimed
at
the
companies
and
the
prospective
directors
respectively,
and
the
first
questionnaire
would
try
to
identify
what
companies
feel
they
need
from
a
director,
and
the
second
is
what
the
proposed
director
could
bring
to
that
company
or
bring
to
that
role.
It's
a
little
bit
of
a
missing
link
from
the
way
we've
done
things
previously,
or
at
least
it
formalizes.
C
A
D
So
what
I
said
was
there
might
be
some
stroke
in
in
offering
the
training
on
a
voluntary
basis
in
may
before
the
appointments
are
made
on
the
basis
of.
Could
you
be
a
company
director
find
out
about
it,
because
that's
a
time
when
people
are
quite
fresh
and
thinking
about
their
roles
on
the
council,
if
it
would
have
to
go
alongside
if
you'd
like
more
compulsory
training
later
so
it
might
be
not
a
good
use
of
resources,
but
it
certainly
be
a
time
to.
It.
Certainly
is
a
good
time
to
engage
with
councillors.
C
I
think
I
just
about
managed
to
get
that
counsellor
and
if
what
you're
saying
is
that
perhaps
offer
some
training
on
a
voluntary
basis
for
those
who
might
want
to
acquaint
themselves
with
the
roles
and
responsibilities
of
the
director
ahead
of
being
selected
or
nominated
for
a
post?
Is
that
right?
That's.
C
A
There
has
in
the
past,
I
think,
in
the
last
election
we
did
the
the
marketplace
kind
of
arrangement,
julie,
goodall,
set
up
where
there
were
different
stores
and
new
members
could
come
and
talk
to
whoever.
So
maybe
it's
worth
just
perhaps
making
sure
the
sort
of
this
this
line
of
work
group
companies
are
represented
in
that
setting
and
can
talk
to
people.