Issue - meetings

Miss Ellie Dunnet, Head of Finance, introduced her report providing an overview of the governance arrangements in place for the Council’s property company, Maidstone Property Holdings Ltd.  Miss Dunnet explained that:

·  The report was intended to assist Members with their responsibilities in relation to corporate governance and risk management.

·  An Internal Audit review of subsidiary company governance was undertaken last year, and identified a number of areas for improvement within the company’s governance structure and assurance mechanisms.  The report set out how the Officers had responded to these recommendations.

·  The report also made reference to a review of the current governance arrangements which was due to commence shortly in light of developments in the role of the property company, and it was recommended that a report on the outcomes of this exercise be brought back to a future meeting of the Committee.

In response to a question, Miss Dunnet confirmed that based on advice received, there was no obligation to register the name of the Company Secretary at Companies House.

RESOLVED:  That

1.  The governance arrangements currently in place for Maidstone Property Holdings Ltd. be noted.

2.  A report detailing the outcomes of the review to be undertaken of the current governance arrangements in place for the Company be submitted for consideration at a future meeting of the Committee.