Royal Mail – Strictly Confidential
GET(08)8th
GET08/86 - 99
ROYAL MAIL GROUP EXECUTIVE TEAM
Minutes of a meeting of the Group Executive Team held on
Tuesday 23 September 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
Luisa Fulci, Head of Commercial Pricing for GET08/91
Derek Foster, Internal Audit & Risk Management Director, for
GET08/92
Martin Gafsen, Property director for GET08
/94
GET08/86 MINUTES
(a)
The Group Executive Team approved the minutes of the meeting held
on the 17 July 2008;
(b)
the Group Executive Team noted the minutes of the Letters Executive
Team dated 16 July 2008, the minutes of the Post Office Strategic
Programme Board dated 28th July 2008 and 1st September, the
minutes of the Parcelforce Worldwide Executive Team dated 25th July
2008, the minutes of the Wholesale Board dated 15th July 2008, the
minutes of the Investment Committee dated 24th June 2008 and the
minutes of the CSR Committee dated 2nd September 2008.
GET08/87
STATUS
REPORT
GET(08)48
The Group Executive Team noted the status of action points from the
previous meetings. In particular;
(a)
GET08/63(d) Undeliverable items: a review had been completed by
Letters Commercial;
(b)
GET08/77(c) Corporate risks: a standard induction programme had
been introduced across the Group for the top 140 level employees.
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Royal Mail – Strictly Confidential
GET08/88
EXECUTIVE
REPORTS
The Group Executive Team noted the Period 5 performance reports
and in particular the following matters:-
[ Information removed ]
GET08/89
FINANCE DIRECTOR’S REPORT
GET(08)49
(a)
The Group Executive Team noted the Group Scorecard covering
period 5;
[ Information removed ]
GET08/90
AWAYDAY PROJECTS UPDATE
[ Information removed ]
GET08/92
GROUP RISK PROFILE - ROLLING REVIEW OF CORPORATE
RISKS GET(08)51
(a)
To drive closer monitoring and control of key corporate risks, the GET
reviewed a specific corporate risk at each of its monthly meetings. This
months review included a presentation by action owners on potential
root causes and consequences, and provided a summary of the key
management actions being taken to address the selected risk;
[ Information removed ]
(c)
Derek Foster was asked to include on the Group Risk profile a
reference to the on-going discussions relating to the potential risks to
the business caused by the current banking crisis.
ACTION
Derek Foster
GET08/93
[ Information removed ]
(c)
Doug Evans reported that work was continuing on Information
Management and that he would revert to the GET at a later date with
an update on progress.
ACTION
Doug Evans
GET08/94
PROJECT NOBLE
(a) the
GET noted an update on project Noble. The aim was to agree the
preliminary scope by the end of September. The project would be
discussed again at the November Holdings Board.
ACTION
Ian Duncan
GET08/95
GOVERNMENT REVIEW
(a)
The GET noted an update on the Government Review.
GET08/96
REGULATION REPORT GET(08)52
38
Royal Mail – Strictly Confidential
(a)
The Group Executive Team noted the Regulation report.
GET08/97
UPDATE ON POSTWATCH
GET(08)53
(a)
The Group Executive Team noted a paper providing the revised
consumer representation structures for the postal industry that would
come into effect on 1st October and explaining the readiness of Royal
Mail Group for the changes together with a view on medium term
implications of the change;
(b)
Royal Mail Group had put in place appropriate structures and activities
to be ready for the dissolution of Postwatch and for the new
arrangements for consumer representation and complaint handling
that would be in place from 1st October;
(c) the
GET
noted the position on the dissolution of Postwatch together
with the future implications of the changes outlined in the paper.
GET08/98
PROGRESS AND UPDATE ON AGREED AUDIT ACTIONS
GET(08)54
(a)
The Group Executive Team noted the actions due to be completed in
August 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 September;
(b)
the Group Executive Team noted the
content of the report and agreed
to continue to pursue closure of overdue and upcoming agreed
actions.
GET08/99
DATE OF NEXT MEETING
The next GET meeting would be held on 21st October 2008.
39
Document Outline
