Issue - meetings

To note the Terms of Reference for the Commercial Ventures Executive Sub-Committee approved at the Executive on 30 May 2019.

RESOLVED that the Sub-Committee’s Terms of Reference and membership of the Sub-Committee, as set out in the report, were noted.

The Sub-Committee were reminded that the Terms of Reference for the Commercial Ventures Executive Sub-Committee had been approved by the Executive on 30 May 2019, and the Terms of Reference established the principles on which the Sub-Committee would operate. The Terms of Reference identified that the Sub-Committee would have regard for the Commercial Governance Framework which was approved by the Executive in March 2019, created following the Commercial Governance Review. 

RESOLVED that the Sub-Committee’s Terms of Reference and membership of the Sub-Committee, as set out in the report, were noted.

Reason for decision:  To support the future work and governance of the Sub-Committee.

Alternative option: To note the terms of reference and membership of the Commercial Ventures Executive Sub-Committee, as set out in the report, and request any changes to the agreed terms.  This was not the recommended option as it could delay the operation of the Commercial Ventures Executive Sub-Committee and changes might not be as well supported by the findings of the Commercial Governance Review Member Task Group.