Issue - items at meetings - Code of Corporate Governance

Extract from the proceedings of the Audit Committee meeting held on the 31 March 2009, together with a report of the Director of Finance & Resources (copies attached).

RESOLVED – That the revised Code of Corporate Governance be noted.

99.1       The Committee considered an extract from the proceedings of the Audit Committee meeting held on the 31 March 2009, together with a report of the Director of Finance & Resources, concerning the revised Local Code of Corporate Governance (for copy see minute book).

99.2       The Head of Internal Audit introduced the report and outlined the revisions that had been made to update the Code of Corporate Governance which had been produced in 2007/08.  He stated that the language used in the code had been simplified to enable a better understanding of the code.  He noted that as part of the adopted code, an annual review was required, the outcome of which would be included in the council’s published Annual Governance Statement.  He also noted that the code was due for approval by the Council at its meeting on the 30^th April.

99.3       Members of the Committee noted that the information and welcomed the revisions made to the code.

99.4       The Chairman noted that a recorded vote had been requested and that sufficient Members had indicated their support and therefore put the recommendation to the vote.

99.5    RESOLVED – That the revised Code of Corporate Governance be noted.