Issue - meetings

(i)       to note the level of assurance provided by each ALEO on governance arrangements, risk management and financial management respectively and the risk ratings applied by the ALEO Assurance Hub, as detailed in appendices B-H; and

(ii)      to note that the ALEO Assurance Hub would discuss any outstanding issues specified in the appendices with ALEO representatives, with a view to maintaining low/very low risk ratings and improving any medium risk ratings to low/very low.

With reference to article 5 of the minute of its previous meeting, the Committee had before it a report by the Executive Director of Corporate Services 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 respectively and the risk ratings applied by the ALEO Assurance Hub, as detailed in appendices B-H; and

(b)      note that the ALEO Assurance Hub would discuss any outstanding issues specified in the appendices with ALEO representatives, with a view to maintaining low/very low risk ratings and improving any medium risk ratings to low/very low.

The Committee resolved:-

to approve the recommendations as contained in the report.