Public reports pack Thursday 09-Jul-2015 19.00 Corporate Committee

Page 4demonstrating its value by meeting or exceeding all of its annual targetsfor 2014/15.RESOLVED:That the report be noted.It was noted that the Internal Audit and Counter Fraud team weredemonstrating its value by meeting or exceeding all of its annual targetsfor 2014/15.9. INTERNAL AUDIT AND COUNTER FRAUD WORK PLANS 2015/16(Report 172/14-15)In response to questions, officers said that: There were various pieces of auditing work being carried outacross the organisation, part of the planning process was to ensurethat there was no duplication in that work. Working with other boroughs as part of the Cross CouncilAssurance Service (CCAS) meant that there were areas to deliverefficiencies due to combining planning and delivery processes. Leaseholder services were being looked at regularly as it was partof the continuous auditing programme.RESOLVED: That the Internal Audit Work Plan and the Counter FraudWork Plan be approved.10. ANNUAL REPORT OF CORPORATE COMMITTEE (FOR COUNCIL)(Report 173/14-15)RESOLVED: That the Corporate Committee Annual Report berecommended to Full Council for approval.11. SETTING UP OF PENSION BOARDRESOLVED:(1) That the proposed new governance arrangements concerning theLambeth Pension Fund be approved.(2) That the setting up of a Pensions Board to be incorporated into theConstitution of the London Borough of Lambeth in accordance withthe delegation given by Council at its meeting on 28 th January2015 be approved.12. LAMBETH PENSION FUND - INVESTMENT STRATEGY REVIEW ANDOPTIONS 2015Exclusion of the press and public and summary of part II proceedingsMOVED by the Chair and:RESOLVED:That under section 100A-H of the Local Government Act 1872, the pressand public be excluded from the remainder of the meeting on the groundsthat, for the item of business summarised below, it was likely that exemptinformation, as defined by Section 1001 an Schedule 12a of the Local