Agenda and draft minutes

There were none.

Subject to Andrew Mann’s title being amended to read ‘Partnership’ not ‘Managing’ Director in the list of attendees, the record of the meeting held on 6 June 2024 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.</AI3>

Background:

The report provided an update on progress with the development of a business plan and the associated Key Performance Indicators (KPIs) for the Joint Venture, which were still being developed. At the time of the initial meeting of the Sub Committee it had been anticipated that the work required to establish a strategy and subsequent work with Medway Norse to agree a Business Plan and KPIs, would have been completed by this meeting. The work was in hand and being led by the Client team but was a larger piece of work than first anticipated.

The Assistant Director, Front Line Services and Deputy Director of Place, advised that following a discussion with the Director of Place who was now the Council appointed Chairperson of Medway Norse Ltd Board of Directors, the recommendation to delegate authority for the project scope and governance would be more appropriately delegated to the Assistant Director, Front Line Services and Deputy Director of Place.

The recommendations as amended, were moved by the Chairperson.

Reasons:

As a shareholder, the Sub Committee needs a strategy and business plan in place in order to be confident in delivery.

Please note that this agenda item has now been withdrawn and will be reported to the next meeting of this Sub Committee in November

Background:

The report introduced the Strategic Risk Register for Medway Norse Ltd.

The Medway Norse Ltd Strategic Risk Register was set out in the Exempt Appendix 1 to the report. It had been prepared by Medway Norse Ltd adopting a different scoring methodology than that of the Council’s, however, it still ranked and prioritised risks. The scoring reflected the uncertainty around the company’s operations until a new contract was signed with the Council.

Reasons:

In order to fulfil its role as shareholder, on behalf of the Council, the Sub Committee must be regularly updated regarding the risks affecting the company and its activity and the action being undertaken to manage those risks.