The purpose of the Investment Committee is to
to hold strategic oversight and responsibility for
the implementation of the Asset Investment Strategy.
Investment Committee Terms of Reference
1. The
Committee will take decisions on the acquisition of investment land
and property and development opportunities
2.
Scrutinise business cases and ensure that they are in accordance
with the approved Asset Investment Policy.
3. Keep
under review the performance of the asset investment portfolio,
ensuring that it meets the agreed financial benchmarks within the
Asset Investment Policy and that identified risks are actively
managed.
4. Agree
mitigation and exit strategies for poorly performing assets.
5. Provide
an annual position statement for Audit Committee to review on the
asset investment portfolio.
6. To execute the
powers of authority delegated by Council.
7. Members
will act in the best interest of the corporate entity.