Administrative session

Date recorded:

Issues reported to the Board — Agenda paper 13

The Staff updated the IC on the status of the issues that had come to it since 2012 (when the Trustees last changed the IC’s agenda criteria) that it concluded were too broad for it to address and those that were referred to the Board without an agenda decision being published. The Staff identified 25 such issues, 24 of which were considered by the Board – 15 are included as part of the Board’s current or future work plan and no further work on the other 9 issues is planned at this time. For the remaining issue on the acquisition of an interest in an associate or joint venture under common control, the Staff recommended that the IC reconsider it on the grounds that it is not currently within the scope of any current or future Board projects.

The IC agreed to bring the last issue back onto its agenda. The rest of the discussion centred on whether the IC should reconsider the other issues not taken on by the Board against the system’s and the market’s capacity for change.

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