Agenda item

Report of the Town Clerk

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

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 their willingness for 12 to 14 places, it was: -

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

Nick Bensted-Smith

Henry Colthurst

Deputy Tom Hoffman

Alderman Robert Howard

Deputy Jamie Ingham Clark

Deputy Clare James

Tim Levene

Andrew McMurtrie

Andrien Meyers

Deputy Henry Pollard

James de Sausmarez

Ian Seaton

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 8 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:

Sir Mark Boleat

Alderman Alison Gowman

Christopher Hayward

Alderman Peter Hewitt

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. As there were three Members willing to serve, the Committee agreed to amend the composition of the Social Investment Board, to include three Members of the Court of Common Council elected by the Investment Committee, one of whom shall have fewer than five years’ service on the Court at the time of their appointment.

RESOLVED – That Nick Bensted-Smith, Andrien Meyers and Ian Seaton 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 Andrew McMurtrie, being the only Member indicating his willingness to serve, was declared to have been elected for the year ensuing.

The Town Clerk invited Members of the newly appointed Financial Investment Board to elect a Deputy Chairman in accordance with Standing Order 30. A list of Members eligible to stand was read out and Nick Bensted-Smith, being the only Member indicating his willingness to serve, was declared to have been elected for the year ensuing.

Election of Chairman and Deputy Chairman to the Property Investment Board

The Town Clerk invited Members of the newly appointed Property Investment Board to elect a Chairman in accordance with Standing Order 29. A list of Members eligible to stand was read out and Deputy Tom Sleigh, being the only Member indicating his willingness to serve, was declared to have been elected for the year ensuing.

The Town Clerk invited Members of the newly appointed Property Investment Board to elect a Deputy Chairman in accordance with Standing Order 30. 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 year ensuing.

RESOLVED -  That the Investment Committee:

a)    Approve the appointment of the Financial, Property and Social Investment Boards, and that the frequency of meetings, terms of reference and co-option protocol for the Committee’s Boards be approved;

b)    Agree the composition of the Financial and Property Investment Boards;

c)    Agree that the composition of the Social Investment Board should be amended from two to three Members of the Court of Common Council elected by the Investment Committee, at least one of whom shall have fewer than five years’ service on the Court at the time of their appointment;

d)    Note that the Chairman and Deputy Chairman of the Investment Committee are ex-officio Members of the following Committees:

·         Policy & Resources

·         Finance