Issue - meetings

To consider and approve the business plan

To accept and approve the Business Plan

The Investment Manager submitted a report, which included the Partnership's Business Plan. It was reported that the Partnership created a Business Plan every year for a period of three years, with the content detailing how the Partnership would achieve its aims. The purpose of the business plan was:

•           To explain the background and governance structure of the WPP

•           To highlight the priorities and objectives over the next three years

•           To outline the financial budget for the Business Plan period

•           To summarise the WPP's Investments and Performance Objectives

It was reiterated that the business plan would be monitored regularly and be reviewed and formally agreed every year. It was also noted that the eight Authorities that made up the Partnership needed to approve the Plan.

Thanks were expressed for the report.

RESOLVED to accept and approve the Business Plan.