At Monday night’s Board meeting we received a satisfactory quarterly update re our Compliance Monitoring Plan as well as our annual anti money laundering risk assessment and updates to three policies. As we are now half way through the financial year we also updated the annual budget to reflect both the results to date and any anticipated changes to the second 6 months. The revised budget keeps us on track to hit our strategic target of having a capital to assets ratio of 11.09% by 30 September.
We also received a report on the gender pay gap within Scotwest and were pleased to note that, despite the small size of our organisation (which means that results can be easily skewed) our progressive employment practices are reflected in the results. We now intend to extract the key findings and present them to members through our social media channels.
Yours in co-operation
David McRiner, Chair