Agenda and minutes

Venue: Committee Rooms - West Wing, Guildhall

Contact: Philippa Sewell
tel. no.: 020 7332 1426  Email: philippa.sewell@cityoflondon.gov.uk

Items
No. Item

1.

Apologies

Minutes:

Apologies were received from Nicholas Bensted-Smith, Deputy Keith Bottomley, Deputy Michael Cassidy, Henry Colthurst, Alderman Alison Gowman and Deputy Clare James.

 ...  view the full minutes text for item 1.

2.

Members' Declarations under the Code of Conduct in respect of items on the agenda

Minutes:

Alex Barr declared a standing interest by virtue of his employment at Aberdeen Asset Management.

 ...  view the full minutes text for item 2.

3.

Order of the Court of Common Council pdf icon PDF 88 KB

To receive the Order of The Court of Common Council from 27 April 2017.

 ...  view the full agenda text for item 3.

Minutes:

The Committee received an Order of the Court of Common Council of 27 April 2017 appointing the Committee and approving its Terms of Reference. Members agreed one amendment, being the inclusion of the Chairman of the Social Investment Board (ex-officio).

 

RESOLVED – That the amended Membership be submitted to the Court of Common Council for approval in June.

 ...  view the full minutes text for item 3.

4.

Appointment of the Boards and Frequency of Meetings pdf icon PDF 99 KB

Report of the Town Clerk.

 ...  view the full agenda text for item 4.

Additional documents:

Minutes:

The Town Clerk sought Members’ approval on the composition, frequency of meetings, and co-option protocol for the Committee’s Boards.

 

RESOLVED – That the composition, frequency of meetings, and co-option protocol for the Committee’s Boards be agreed and the terms of reference be approved.

 

The Town Clerk read a list of names who had indicated their wish to serve on the Financial Investment Board and, with 13 Members indicating they willingness for 12 to 14 places, it was:-

 

RESOLVED – That the following Members be elected to the Financial Investment Board for the year ensuing.

 

Alex Barr

Nick Bensted-Smith

Henry Colthurst

Alderman Robert Howard

Deputy Jamie Ingham Clark

Deputy Clare James

Tim Levene

Andrew McMurtrie

Andrien Meyers

Deputy Henry Pollard

Ian Seaton

James de Sausmarez

Deputy Philip Woodhouse

 

The Town Clerk read a list of names who had indicated their wish to serve on the Property Investment Board and, with 11 Members indicating their willingness for 12 to 14 places, it was:-

 

RESOLVED – That the following Members be elected to the Property Investment Board for the year ensuing.

 

Chris Boden

Deputy Keith Bottomley

Mark Boleat

Deputy Michael Cassidy

John Chapman

Alderman Alison Gowman

Christopher Hill

Deputy Alastair Moss

Dhruv Patel

Tom Sleigh

Deputy Philip Woodhouse

 

The Town Clerk read a list of names who had indicated their wish to serve on the Social Investment Board and, with 2 Members indicating their willingness for 2 places, it was:-

 

RESOLVED – That Henry Colthurst and Andrien Meyers be elected to the Social Investment Board for the year ensuing.

 

Election of Chairman and Deputy Chairman to the Financial Investment Board

The Town Clerk invited Members of the newly appointed Financial Investment Board to elect a Chairman in accordance with Standing Order 29. A list of Members eligible to stand was read out and

 ...  view the full minutes text for item 4.

5.

Election of Chairman

To elect a Chairman in accordance with Standing Order 29.

 ...  view the full agenda text for item 5.

Minutes:

Members were invited to elect a Chairman in accordance with Standing Order 29. A list of Members eligible to stand was read out and Deputy Alastair Moss being the only Member indicating his willingness to serve was declared to have been elected for the ensuing year.

 ...  view the full minutes text for item 5.

6.

Election of Deputy Chairman

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

 ...  view the full agenda text for item 6.

Minutes:

Members were invited to elect a Deputy Chairman in accordance with Standing Order 30. A list of Members eligible to stand was read out and Andrew McMurtrie being the only Member indicating his willingness to serve was declared to have been elected for the ensuing year.

 

The Chairman thanked outgoing Members George Gillon, Brian Harris, Alderman Hewitt, Ann Holmes, and Deputy Edward Lord, and welcomed new Members Alex Barr, Alderman Gowman, Christopher Hill, Deputy Jamie Ingham Clark, Andrien Meyers, and Tim Levene.

 ...  view the full minutes text for item 6.

7.

Minutes of the previous meeting pdf icon PDF 203 KB

To agree the public minutes and non-public summary of the meeting held on 18 January 2017.

 ...  view the full agenda text for item 7.

Minutes:

RESOLVED - That the public minutes and non-public summary of the meeting held on 18 January 2017 be approved as an accurate record.

 ...  view the full minutes text for item 7.

8.

Minutes of the Boards

Minutes:

8a

Minutes of the Financial Investment Board pdf icon PDF 184 KB

To note the public minutes and non-public summary of the meeting held on 2 February 2017.

 ...  view the full agenda text for item 8a

Minutes:

RESOLVED - That the public minutes and non-public summary of the Financial Investment Board meetingheld on 2 February 2017 be noted.

 ...  view the full minutes text for item 8a

8b

Minutes of the Property Investment Board pdf icon PDF 188 KB

To note the public minutes and non-public summary of the meetings held on 25 January and 15 February 2017.

 

 ...  view the full agenda text for item 8b

Additional documents:

Minutes:

RESOLVED - That the public minutes and non-public summaries of the Property Investment Board meetings held on 25 January and 15 February 2017 be noted.

 ...  view the full minutes text for item 8b

8c

Minutes of the Social Investment Board pdf icon PDF 182 KB

To note the public minutes and non-public summary of the meeting held on 15 February 2017.

 ...  view the full agenda text for item 8c

Minutes:

RESOLVED - That the public minutes and non-public summary of the Social Investment Board meetingheld on 15 February 2017 be noted.

 ...  view the full minutes text for item 8c

9.

Questions on matters relating to the work of the Committee

Minutes:

There were no questions.

 ...  view the full minutes text for item 9.

10.

Any Other Business that the Chairman considers urgent

Minutes:

There was no other business.

 ...  view the full minutes text for item 10.

11.

Exclusion of the Public

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.

 ...  view the full agenda text for item 11.

Minutes:

RESOLVED - 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.

 

Item No.

 

Paragraph(s) in Schedule 12A

12-16

                            3

17-18

                            -

 

 ...  view the full minutes text for item 11.

12.

Non-public minutes of the previous meeting

To agree the non-public minutes of the meeting held on 18 January 2017.

 ...  view the full agenda text for item 12.

Minutes:

RESOLVED - That the non-public minutes of the meeting held on 18 January 2017 be approved as an accurate record.

 

 ...  view the full minutes text for item 12.

13.

Non-Public Minutes of the Boards

Minutes:

13a

Non-public minutes of the Financial Investment Board

To note the non-public minutes of the meeting held on 2 February 2017.

 ...  view the full agenda text for item 13a

Minutes:

RESOLVED - That the non-public minutes of the Financial Investment Board meetingheld on 2 February 2017 be noted.

 ...  view the full minutes text for item 13a

13b

Non-public minutes of the Property Investment Board

To note the non-public minutes of the meetings held on 25 January and 15 February 2017.

 ...  view the full agenda text for item 13b

Minutes:

RESOLVED - That the non-public minutes of the Property Investment Board meetings held on 25 January and 15 February 2017 be noted.

 ...  view the full minutes text for item 13b

13c

Non-public minutes of the Social Investment Board

To note the non-public minutes of the meeting held on 15 February 2017.

 

 ...  view the full agenda text for item 13c

Minutes:

RESOLVED - That the non-public minutes of the Social Investment Board meetingheld on 15 February 2017 be noted.

 ...  view the full minutes text for item 13c

14.

Sir William Coxen Trust Fund (206936) - Proposed appointment of the City Corporation to monitor the charity's investments and their performance

Joint report of the Chamberlain and the Comptroller & City Solicitor.

 ...  view the full agenda text for item 14.

Minutes:

The Committee considered a joint report of the Chamberlain and Comptroller & City Solicitor.

 ...  view the full minutes text for item 14.

15.

Update of Financial Investment Board Activities 2016/17

Report of the Chamberlain.

 ...  view the full agenda text for item 15.

Minutes:

The Committee received a report of the Chamberlain.

 ...  view the full minutes text for item 15.

16.

Update of the Social Investment Board

Report of the Chief Grants Officer.

 ...  view the full agenda text for item 16.

Minutes:

The Committee received a report of the Chief Grants Officer.

 ...  view the full minutes text for item 16.

17.

Non-public questions on matters relating to the work of the Committee

Minutes:

There were no non-public questions.

 ...  view the full minutes text for item 17.

18.

Any Other Business that the Chairman considers urgent and which the Committee agree should be considered whilst the public are excluded

Minutes:

There was no other business.

 ...  view the full minutes text for item 18.