Performance Report

Investment plan.

The Board has financial reserves, which are invested and provide a safe and secure income to the Board. These investments are deposited with recognised financial institutions. Through 2008 the investment returns varied from 5.4% to 6.2%.

Openness, Accountability and fit for Purpose.

The use of the Internet to provide safety information and promote awareness of the functions of the King's Lynn Conservancy Board, and the port of King's Lynn, at www.portauthoritykingslynn.fsnet.co.uk

The Board meets on the Thursday following the third Wednesday of every month (except August), where reports are given on:

The approach channel
Environmental Issues
Finance
Health and safety issues
Legislation relevant to the Board
Port operations
Pilotage
Trade of the Port

Minutes of the meetings, Trade of the Port, and the Annual financial report are produced and are available for inspection at the Harbour Office.

The Board held its seventh Annual General Meeting in September 2008. An advisory group has also been established using the King's Lynn & West Norfolk Advisory group, for the Wash & North Norfolk Coast European Marine site. The membership is made up of people having an interest in, or who conduct activities in the Wash & North Norfolk Coast European Marine site. This advisory group ensures that all interests are fully considered with particular reference to commercial activities that have historically existed within the Wash and is able to provide the Board with expertise in fields that are outside of their knowledge. The Advisory group meetings take place at the Harbour office.

Board members have current and relevant skills that they bring to the Conservancy Board. When vacancies arise for Board members, candidates are selected from people who respond to an advertisement, and complete a skills audit and a declaration of interest's form. Interviews are then held to select the New Members. All Board members have to agree to a code of conduct, which Insists on the following:

Selflessness, Integrity, Objectivity, Accountability, Openness, Honesty and Leadership.

New board members will attend an in-house induction course, detailing the constitution of the Board, its functions, statutory powers and obligations, boardroom and reporting procedures, and a history of the Boards development, through to its current operations and procedures.