The Chair presented the report and drew members attention to the proposed revised Terms of Reference for the Board which had been recommended by the Working Group established at the previous meeting. It was noted that the main changes related to the proposed review and scrutiny role of the Board and the inclusion of eleven bullet points taken from the LGC Guidance on the operation of Pension Boards.
Resolved: That the proposed revised Terms of Reference for the Board, as set out in the report presented, are approved and recommended to the Pension Fund Committee for approval.