Royal Mail – Strictly Confidential
GET(08)10th
GET08/112 - 125
ROYAL MAIL GROUP EXECUTIVE TEAM
Minutes of a meeting of the Group Executive Team held on
Tuesday 25 November 2008
Present:
Adam Crozier – Chairman
Stephen Agar
Alan Cook
Robin Dargue
Ian Duncan
Jonathan Evans
Doug Evans
Mary Fagan
Mark Higson
Jon
Millidge
Alex Smith
David Smith
In attendance:
Andrew Poole, Deputy Company Secretary
Sue Whalley, Group Strategy & Regulation Director
Derek Foster, Internal Audit & Risk Management Director,
for
GET08/120.
GET08/112 MINUTES
(a)
The Group Executive Team approved the minutes of the meeting held
on the 21 October 2008;
(b)
the Group Executive Team noted the minutes of the Letters Executive
Team dated 15th October 2008, the minutes of the Parcelforce
Worldwide Executive Team dated 25th September 2008, the minutes of
the Wholesale Board dated 14th October 2008, the minutes of the Post
Office Strategic Programme Board dated 27th October and the minutes
of the Investment Committee dated 23rd September 2008.
GET08/113
STATUS REPORT GET (08)62
(a)
The Group Executive Team noted the status of action points from the
previous meetings;
GET08/114
GOVERNMENT
REVIEW
(a) The
GET
noted an update on the Government Review.
GET08/115
EXECUTIVE
REPORTS
The Group Executive Team noted the Period 7 performance reports
and in particular the following matters:-
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Royal Mail – Strictly Confidential
[ Information removed ]
GET08/116
FINANCE DIRECTOR’S REPORT
GET(08)63
(a)
The Group Executive Team noted the Group Scorecard covering
period 7;
[ Information removed ]
GET08/117
[ Information removed ]
GET08/118
PEOPLE SYSTEM PROGRAMME UPDATE GET(08)65
[ Information removed ]
(f)
Robin Dargue would include an update on the People System
Programme in his report to the next Holdings Board.
ACTION
Robin Dargue
GET08/119
[ Information removed ]
GET08/120
GROUP RISK PROFILE - ROLLING REVIEW OF CORPORATE
RISKS GET (08)66 & 67
(a) The
GET
noted a paper providing the latest Group Risk Profile for
endorsement by the Group Executive Team. After discussion the GET
agreed the updated Group Risk Profile;
[ Information removed ]
GET08/121
TRANSFORMATION QUARTERLY REPORT GET (08)68 [ Information removed ]
(e)
the Transformation update report would be submitted to the December
meeting of the Holdings Board.
ACTION
Mark Higson
GET08/122
REGULATION REPORT GET (08)70
(a)
The Group Executive Team noted the Regulation report dated
November 2008.
GET08/123
PROGRESS AND UPDATE ON AGREED AUDIT ACTIONS
GET (08)71
(a)
The Group Executive Team noted the actions due to be completed in
October and a summary of the cumulative status of overdue agreed
actions. The GET focused on the priority 1 agreed actions (agreed
actions were categorised as priority 1 or 2 in IA&RM reports) and
noted those agreed actions (for both priority 1 and 2) due to be
completed by the end of the current month;
50
Royal Mail – Strictly Confidential
(b)
the Group Executive Team noted the content of the report and agreed
to continue to pursue closure of overdue and upcoming agreed
actions.
GET08/124
ANY
OTHER
BUSINESS
[ Information removed ]
(c)
VAT: the recently announced VAT changes would come into effect
from Monday 1st December 2008. Work was currently in hand to make
the necessary systems changes;
(d)
WH Smith: Doug Evans reported that the Company was expecting a
decision from the Employment Appeals Tribunal in relation to claims by
the CWU relating to the W H Smith conversions;
[ Information removed ]
GET08/125
DATE OF NEXT MEETING
The next GET meeting would be held on 19th December 2008.
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Document Outline
