6. Chief Executive’s Executive Summary
The CEO highlighted key points of the papers for noting. The Board particularly considered:
[Redacted].
[Redacted]
[Redacted]
[Redacted]
The CEO noted the [Redacted] and updated the board on recent developments.
[Redacted]
[Redacted]
[Redacted]
Action:
- Emma Dixon to update the board on the Gateway Review – a short report on elements of Gateway Review recommendations.
- [Redacted]
- CEO will circulate letter the draft derogation letter and a board meeting set up via a Teams call so Board can consider the letter, provide comments and if appropriate approve the Agreement and letter’s completion.
- Emma Dixon – Governance review exercise – circulate the timeline for progress and ToR or specification of this to allow consideration before the next Board. Carolyn Griffiths and Brian Baverstock to consider the Governance via a bilateral call.
- John MacQuarrie – a stage gate quality paper to be provided for consideration at a future meeting
The Board noted the paper.
7. ScotRail Holdings Limited, ScotRail Trains Limited and Caledonian Sleeper Limited Operational & Performance Update
John MacQuarrie highlighted key points from the paper asking the board to note improving performance.
John highlighted how the Fares working group works very well across the business and stakeholders, this meeting happens every week, good work arises from this and communicating directly has helped.
Carolyn Griffiths asked whether in future the board can be provided with comparison for [Redacted] John MacQuarrie agreed to look at this.
Action:
- Include comparisons between [Redacted] and on ourselves in future reports.
- Carolyn Griffiths asked to congratulate Kathryn Chadwick on her initiative to see what SHEC need from her side as it should help environmental understanding and improvement.
The Board noted the paper.
8. Scottish Rail Holdings Limited, ScotRail Trains Limited and Caledonian Sleeper Limited Finance Update
Campbell Davidson presented this paper, summarising the SRH Group’s rail period 12 and YTD results; provided an update regarding the 2023/24 full year latest estimate and funding availability; and other governance matters the Board should be aware of. The 2024/25 budget and request for approval is covered in a separate paper.
SRH Group’s consolidated net expenditure from operating activities (before IFRS16 and Annually Managed Expenditure (“AME”) technical adjustments) was [Redacted] for rail period 12 [Redacted]
The latest 2023/24 full year estimates indicate [Redacted]
The Board noted the paper.
9. Group Monthly Communications Report
The Board noted this paper.
10. Minutes from previous meeting
Minutes from will be reviewed at next meeting.
11. Actions and matters arising from previous meeting
Actions to be reviewed at the next meeting.
12. Any other business
- Pay Award update
13. Board lookahead
The Board noted this paper.
Date of next meeting: To be confirmed. Thursday 2 nd May 2024 at St Vincent Plaza, St Vincent Street, will now be a Strategic Plan Day.