Issue - meetings

(i)       to note the level of assurance provided by each ALEO on governance arrangements, risk management and financial management;

(ii)      to note that the report incorporated Hub officers’ initial levels of assurance of the governance arrangements, risk management and financial management of bp Aberdeen Hydrogen Energy Limited; and

(iii)      to note that the Assurance Hub officers and ALEO Service Leads would discuss any outstanding issues specified in the appendices and identified at the Audit, Risk and Scrutiny Committee with ALEO representatives, with a view to further improving the assessment ratings at the next Hub meeting.

The Committee had before it a report by the Director of Commissioning which provided assurance on the governance arrangements, risk management and financial management of Arm’s Length External Organisations (ALEOs) as detailed within the ALEO Assurance Hub’s terms of reference.

The report recommended:-

that the Committee -

(a)      note the level of assurance provided by each ALEO on governance arrangements, risk management and financial management;

(b)      note that the report incorporated Hub officers’ initial levels of assurance of the governance arrangements, risk management and financial management of bp Aberdeen Hydrogen Energy Limited; and

(c)      note that the Assurance Hub officers and ALEO Service Leads would discuss any outstanding issues specified in the appendices and identified at the Audit, Risk and Scrutiny Committee with ALEO representatives, with a view to further improving the assessment ratings at the next Hub meeting.

The Committee resolved:-

to approve the recommendations contained in the report.