RESOLVED that:
(i) The findings of the Commercial Governance Review Member Task Group be noted.
(ii) Subject to (iii) and (iv) below, the Commercial Governance Framework be adopted and implemented.
(iii) The Overview and Scrutiny Committee’s request (from its meeting on 14 February 2019) for the Commercial Governance Framework to be incorporated into the Constitution be supported and that this be built into a report to the next meeting of the Executive (18 April 2019) providing full governance arrangements for the dissolution of existing Sub Committees and the establishment of a Commercial Ventures Sub Committee.
(iv) Once established, the Commercial Ventures Sub Committee, be tasked with considering the suggestions from the Internal Audit Report, set out in Appendix F of the report presented, when implementing the Commercial Governance Framework.