Issue - meetings

(i)       to note the Bond Governance Insider Protocol as appended to the report; and

(ii)      to note that Officer titles would be updated with the Protocol to reflect the Target Operating Model.

The Committee had before it a report by the Chief Officer, Governance which presented the Bond Protocol which had been developed to provide guidance on how Aberdeen City Council complied with the legislative and regulatory requirements resulting from the Council having issued Bonds on the London Stock Exchange.

The report recommended:

that the Committee note the Bond Governance Insider Protocol appended to the report.

Councillor Cooke requested that acronyms were explained and that the titles of posts be amended in the Protocol to reflect the Target Operating Model structure.

Councillor Duncan sought guidance on how Trade Union representatives would access information and be consulted, wherein Mrs Nicolson, Solicitor, advised that a session was held for Trade Unions to explain the Bond process and that the Bond process was still new with some areas requiring further discussions on how to move forward.

The Committee resolved:-

(i)       to note that Officer titles would be updated with the Protocol to reflect the Target Operating Model and

(ii)      to otherwise approve the recommendation contained in the report.