| Election of President for 2012-2013 |
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Council elected Geoffrey Howard French as President for the 2013-2014 session.
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| Business Plan 2013 |
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The Business Plan was approved. The overarching goals were to grow the membership, without lowering standards, and to maximise the value of ICE knowledge, whilst at the same time leading the infrastructure debate and establishing a sustainable financial future. The latter will involve reducing reliance on membership subscription through a diversified income base and improved business processes and performance. Key outputs and success measures to achieve the plan’s goals were agreed.
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| Budget 2013 |
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The Council approved the budget for 2013. The following points were highlighted:
- The need for ICE to make annual operating surpluses in excess of £1.3m to generate cash for bank and pension repayments
- Both the 2012 forecast and 2013 budget projected operating surpluses of around that amount, so the ICE Group was broadly on track. However, this was largely due to continued over-achievement in TTL performance and there was a need to take account of risks around future profits, both in terms of potential volatility and the need to re-invest in certain areas going forward
- The current level of ICE reserves restricted the ability to invest for growth; it was proposed to set a target for a higher level of reserves and aim for higher operating surpluses (5% of total revenue) in order to build reserves in the medium term
- This budget was about creating a more sustainable financial structure which could generate operating surpluses, build up some reserves and create the capacity to invest
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| Subscription Ballot 2013 |
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Council approved the increase in subscriptions, transfer and entrance fees for 2014, based on an expected 2013 CPI inflation, the exact amount to be reviewed by Council in April. The proposed increase would be put to a ballot of the voting members in 2013.
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| Business Plan 2012 Performance Reports |
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Council received reports on the headline key performance indicators as well as on other priority activities and noted that performance was for the most part on target.
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| CPD |
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Council heard a report of the monitoring work undertaken by the CPD Panel on behalf of the Membership Committee during 2012, the second year of formal monitoring of professionally qualified members’ CPD records. Membership Committee was requested to take account of Council’s discussion and to report back in April 2013 on whether it considered the current monitoring process to be fit for purpose.
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| Other items |
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Other items formally approved by Council included a revised Model UK Regional Constitution, a Memorandum of Understanding with the UAE Society of Engineers and a Prioritised Activity Programme for the Learned Society. Council also discussed matters in closed session including a review of Council’s work at the October Annual Strategy Meeting (which would follow through to Council in the form of a draft strategy for approval) and updates on 8 Storey’s Gate, development of OGGS after the staff move and NCE/EMAP.
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