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

Simon Duckworth

Alderman Robert Howard

Alderman Robert Hughes-Penney

Deputy Jamie Ingham Clark

Deputy Clare James

Tim Levene

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 12 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

John Chapman

Alderman Alison Gowman

Christopher Hayward

Michael Hudson

Deputy Jamie Ingham Clark

Shravan Joshi

Deputy Edward Lord

Andrien Meyers

Dhruv Patel

Deputy 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. Four Members indicated their willingness to serve for three appointments, and a ballot was therefore required. Following the ballot, it was

RESOLVED – That Nick Bensted-Smith, Tijs Broeke and Deputy Henry Pollard 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 Nick Bensted-Smith, 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 Henry Colthurst, 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 Andrien Meyers, being the only Member indicating his willingness to serve, was declared to have been elected for the year ensuing.

The Chair advised the Committee that the Property Investment Board would consider co-opting Deputy Alastair Moss to the Board. A Member asked that a review of the co-option protocol be undertaken, with an aim of ensuring that the diversity was accounted for when appointing a co-optee to the Board.

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)    Appoint Nick Bensted-Smith, Tijs Broeke and Deputy Henry Pollard to the Social Investment Board;

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

·         Policy & Resources

·         Finance

e)    Request that officers review the co-option protocol for the Committee, paying particular attention to the aim of increasing diversity.