Decision details

Members considered the Fenland Future Ltd (FFL) Deed of Indemnity report presented by Peter Catchpole.

Councillor Boden stated that it would not be right to potentially put officers in a position of personal liability when carrying out the requests of the Investment Board, so this is report is welcome. He added that there are three different definitions of who is covered, looking at the deed of indemnity it relates in differing parts of the report to directors, officers of the Company, and

officers and members of Fenland District Council. 

Councillor Boden stated his concern about the position of the Company Secretary and requested clarification about the position of that role and whether they could or should be covered also. Peter Catchpole responded that he had looked at this from a legal perspective and the Company Secretary is covered in a statutory role as an officer of FFL and has the same standing as a director, therefore this term includes the Company Secretary. Councillor Boden stated that he would like this to be made clear in the report recommendations. Peter Catchpole agreed that would be acceptable.

The Investment Board AGREED to approve the form of indemnity agreement attached to the report, ensuring that it will also cover the Company Secretary.