Agenda and minutes

Apologies for absence were received from Nick Bensted-Smith.

Alderman Robert Hughes-Penney declared a standing interest in the Rathbones Ethical Bond Fund.

Elizabeth Corrado declared a standing interest by virtue of her consultancy work through Finance for Sustainability.

a)    Resolution of the Investment Committee of 21 May 2020;

b)    Note of the Town Clerk setting out the composition, quorum and terms of reference of the Board;

c)    Membership of the Social Investment Board 2020/21; and

d)    Co-option protocol for the Financial, Property and Social Investment Boards.

To be confirmed at the meeting of the Investment Committee on 21 May 2020.

The Board noted the resolution of the Investment Committee meeting held on 21 July 2020, appointing the Board and approving its composition, membership, frequency of meetings and terms of reference. The Board also approved the reappointment of existing co-optees for the existing year.

RESOLVED – That Elizabeth Corrado, Debby Ounsted and Laura Tumbridge be reappointed as Co-opted Members of the Board for the ensuing year.

To elect a Chair/Chairman in accordance with Standing Order 29.

The Committee proceeded to elect a Chair/Chairman in accordance with Standing Order No.29. The Town Clerk read a list of Members eligible to stand and Henry Colthurst, being the only Member who expressed his willingness to serve, was duly elected as Chair of the Committee for the ensuing year.

To elect a Deputy Chair/Chairman in accordance with Standing Order 30.

The Committee proceeded to elect a Deputy Chair/Chairman in accordance with Standing Order No.30. The Town Clerk read a list of Members eligible to stand and Andrien Meyers, being the only Member who expressed his willingness to serve, was duly elected as Deputy Chairman of the Committee for the ensuing year.

To agree the public minutes and non-public summary of the meeting held on 27 May 2020.

RESOLVED – That the public minutes and non-public summary of the meeting held on 27 May 2020 be agreed as a correct record.

There were no questions.

There was no other business.

MOTION - That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part I of the Schedule 12A of the Local Government Act.

RESOLVED – That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items of business on the grounds that they involve the likely disclosure of exempt information as defined in Part 1 of Schedule 12A of the Local Government Act.

Item No.                                                                      Exempt Paragraphs

10 – 11                                                                                    3

12 – 13                                                                                    -

To agree the non-public minutes of the meeting held on 27 May 2020.

RESOLVED – That the non-public minutes of the meeting held on 27 May 2020 be agreed as a correct record.

Report of the CGO

The Board received a report of the Chief Grants Officer & Director of City Bridge Trust (CGO).

There were no questions.

There was no other business.