Agenda item

21 November 2014

Trustee Appointment Rights to The Aldgate & Allhallows Foundation

The City of London Corporation currently holds trustee appointment rights to The Aldgate & Allhallows Foundation (Registered Charity 312500), an independent educational grant-making charity based in the City of London and operating in both the City and in Tower Hamlets.

The purpose of this report is to seek the approval of the Court of Common Council to forgo its appointment rights, so that the Foundation may bring its governance into line with modern best-practice. A printed and circulated report is now submitted for your consideration and we recommend that the Court agree the proposal set out within the report.

The City of London Corporation currently holds trustee appointment rights to The Aldgate & Allhallows Foundation (Registered Charity 312500), an independent educational grant-making charity based in the City of London and operating in both the City and in Tower Hamlets.

The purpose of this report is to seek the approval of the Court of Common Council to forgo its appointment rights, so that the Foundation may bring its governance into line with modern best-practice. A printed and circulated report is now submitted for your consideration and we recommend that the Court agree the proposal set out within the report.

In response to a question concerning the Foundation’s governance arrangements, the Chairman undertook to suggest to the body that a nominations committee with independent representation be established to consider future nominations to the Foundation.

Read and agreed.