Resolved
That Council be recommended:
That the following be approved:
(i) The Business Case for the provision of an Internal Audit Service from the 1 April 2012;
(ii) Delegated authority to the Council Solicitor to conclude the legal contract for the Council to be stakeholders in Veritau (North Yorkshire) Ltd a subsidiary of Veritau Ltd. The subsidiary company will be a regulated company under the terms of the Local Authorities (Companies) Order 1995;
(iii) Noting that the Corporate Director (s151) will agree a service level agreement with Veritau (North Yorkshire) Ltd for the provision of Internal Audit Services for the financial year commencing April 2012; and
(iv) Appointment of the Council’s Corporate Director (s151) as the Council’s Director to the Board of Veritau (North Yorkshire) Ltd.