Minutes of UKEB Private Meeting 23 February 2024
PRESENT:
| Name | Designation |
|---|---|
| Pauline Wallace | Chair |
| Amir Amel-Zadeh | Member |
| Mike Ashley | Member |
| Phil Aspin | Member |
| Kathryn Cearns | Member |
| Robin Cohen | Member |
| Paul Lee | Member |
| Giles Mullins | Member |
| Liz Murrall | Member |
| Sandra Thompson | Member |
| Michael Wells | Member |
1. Administrative Matters
Welcome and apologies for absence
a)The Board noted apologies from Katherine Coates and Edward Knapp. Amir Amel-Zadeh left the meeting at 14:15 (after item 2).
Declaration of interests
b)The Board noted the following declarations:
- Michael Wells' spouse is a shareholder of AstraZeneca and Rio Tinto shares.
Minutes of the last meeting
c)The Board approved the minutes of the meeting held on 30 January 2024 for publication, subject to minor typographical amendments.
Action Log
d)The Board noted progress against the action log arising from previous meetings.
UKEB Forward Agenda
e)The Board considered the Forward Agenda and noted some amendments to the various items for upcoming meetings.
Transparency Register
f)The Board approved the Transparency Register for publication.
Gifts & Hospitality Register
g)The Board noted a nil return for the Gifts & Hospitality Register.
2. Education Session – Exposure Draft: Business Combinations – Disclosures, Goodwill & Impairment
a)The Board received an education session on the topic of the forthcoming IASB Exposure Draft: Business Combinations – Disclosures, Goodwill and Impairment.
3. Rate-regulated Activities: Draft Economics Report
a)The Board considered the draft Rate-regulated Activities Economic Report.
4. UKEB Regulatory Strategy & Budget 2024/25
a)The Board considered the post-consultation drafts of the 2024/25 UKEB Regulatory Strategy and Budget.
b)The Board approved the Budget 2024/25.
c)The Board noted that to finalise the Regulatory Strategy the final post-consultation draft, together with the final draft Feedback Statement, it will be presented for approval at the 28 March 2024 public meeting.
5. Technical Director Updates
a)The Board approved the UKEB's Work Plan for publication on the website.
6. Operational Updates
a)The Board noted the update on UKEB Operational matters.
7. Other Board Member Updates
a)There were no updates to note.
8. Any other Business
a)The Board noted that this was Kathryn Cearns' last UKEB Board meeting before her term ends on 14 March. The Board conveyed its appreciation for her valuable contribution to UKEB's achievements to date.
The meeting ended at 16:50 hrs.