Agenda and draft minutes

There were none.

The record of the meeting held on 18 March 2026 was agreed by the Sub Committee and signed by the Chairperson as correct.

Disclosable pecuniary interests

There were none.  

Other significant interests (OSIs)

There were none.

Other interests

There were none.

This report sought to provide Members with assurance over the governance arrangements in place, by presenting the outcomes of the governance self-assessment undertaken by the Company and the results of the subsequent independent validation caried out by Internal Audit.

The Sub Committee were informed that Internal Audit were positive that governance arrangements were operating correctly. There were a small number of areas for improvement and good progress had already been made in addressing these.

The Sub Committee were informed that regular monitoring would take place by the Company’s Board of Directors and would be reported back to the Sub Committee.

This report provided an overview of the progress made against the approved MDC Business Plan as well as Key Performance Indicator (KPIs) targets and the report provided updated financial monitoring and risk registers.

The Company had submitted an update on the KPIs (contained within the Exempt Appendix 1 to the report) for consideration by the Sub Committee.

The Sub Committee were updated on grant funding secured and progress with the Strood Civic site, Upper Mount car park and the Brook car park.

The Sub Committee were informed of progress against the KPIs and income targets.

Members emphasised the importance of a cohesive design masterplan for development in Chatham rather than piecemeal development.

The Sub Committee considered the Financial Overview summary and updated Risk Registers (contained within Exempt Appendices 2 and 3 to the report) submitted by the Company.

The Company had submitted a report on the apprenticeship training programme (contained within the Exempt Appendix 4 to the report) for consideration by the Sub Committee.

Reasons:

In order for the Company to fulfil its purpose, the Shareholder should monitor progress of its objectives against the Business Plan. In order to fulfil its role as shareholder, on behalf of the Council, the Sub Committee must be appraised of the financial performance and position of the Company and regularly updated regarding the risks affecting the Company and its activity and action being undertaken to manage those risks.