Issue - meetings

That:

1)        the budget monitoring position for the month ending 30 April 2016 be noted;

2)        the operational update for the period to 31 May 2016 be noted;

c)         the report by the Independent Remuneration Panel on Non-Executive Director Performance and Remuneration Policy and its key recommendations be noted.

(Councillors Pauline Jorgensen and Anthony Pollock declared personal interests in this item)

The Executive considered a report setting out the budget monitoring position of the Council Owned Companies for the month ending 30 April 2016 and an operational update for the period to 31 May 2016. 

The Leader of Council advised the meeting that a review into the level of remuneration that should be paid to Members who were Non-Executive Directors of the Council Owned Companies had been undertaken by the Independent Remuneration Panel.  The Panel had reinforced the view that if you were an Executive Member then you could not receive an additional payment although they have agreed to review this principle.  Councillor Baker also intended to ask the Panel to review the various special responsibility allowances to ensure that these payments reflected the amount of work undertaken.

Councillor Baker also highlighted the business development opportunities that Optalis was currently working on which was a reflection of the good reputation that Optalis had throughout the Borough and beyond.  He asked that the Executive’s thanks be sent to Mette Le Jakobsen, Managing Director of Optalis.

With regards to Wokingham Housing Ltd Councillor Baker mentioned that Phoenix Avenue and Fosters Extra Care Home were progressing well.

Members were pleased to note that Loddon Homes Ltd had recently received official For-Profit Registered Provider status and was the first in the country which was a great achievement.

RESOLVED that:

1)        the budget monitoring position for the month ending 30 April 2016 be noted;

2)        the operational update for the period to 31 May 2016 be noted;

c)         the report by the Independent Remuneration Panel on Non-Executive Director Performance and Remuneration Policy and its key recommendations be noted.