Agenda item

(B) Nomination to the Board of Guarantors for Innovate Finance – to consider the appointment of Alderman & Sheriff William Russell as Guarantor and Co-Chair of Innovate Finance.

For Decision

6 April 2017

(B) Board of Guarantors for Innovate Finance – Appointment of Alderman William Russell as Guarantor and Co-Chair

Innovate Finance, an independent not-for-profit membership association representing the UK’s global FinTech community, had invited the City of London Corporation to nominate a Guarantor and Co-Chair to their Board of Guarantors. The Outside Bodies Sub (Policy and Resources) Committee and Policy and Resources Committee, having considered the request, subsequently recommended to the Court of Common Council that Alderman William Russell be nominated to the position based on his skills and experience.

Resolved – That Alderman William Russell be nominated to be Guarantor and Co-Chair of the new Board of Guarantors for Innovate Finance, subject to the Alderman being satisfied with the role once it is defined in Innovate Finance’s new governance documentation.