Agenda and minutes

Apologies for absence were received from The Rt. Hon. The Lord Mayor Alderman Nicholas Lyons, Alderman Sir David Wootton, Alderman Sir Peter Estlin and Alderman Bronek Masojada.

There were no declarations.

To approve the minutes of the last meeting of the General Purposes Committee of Aldermen held on 11 July 2023.

The Committee considered the minutes of the last meeting of the General Purposes Committee of Aldermen held on 11 July 2023.

RESOLVED: - That the minutes of the last meeting of the General Purposes Committee of Aldermen held on 11 July 2023 be approved as an accurate record of the meeting.

Chairman’s Welcome

The Chairman, on behalf of the Committee, welcomed the City Corporation’s Executive Director of Corporate Communications and External Affairs, Emily Tofield, to her first meeting of the General Purposes Committee of Aldermen.

Ms Tofield took the opportunity to briefly introduce herself and spoke of her background before joining the City Corporation. She went on to reflect on her first three months in post and the challenges facing the organisation as a whole in terms of communications, the desire to be able to tell a ‘collective story’ in a more strategic way and the need to adapt to a more digitally focused approach. Ms Tofield went on to speak of forthcoming engagement sessions that she intended to schedule in order to better understand the thoughts and needs of all including the Court of Aldermen.

The Chair welcomed any immediate questions which the Committee may have of the new Director. He began by speaking on the importance of social media and underlined the need for guidance to Members on this. Ms Tofield stated that she had been trying to get a sense of what the organisation currently did across its various digital platforms and channels and recognised that there was a whole piece of work pertaining to protocols and guidance which needed to be put in place across the board. She recognised the importance of the digital space for the organisation in terms of engaging with its stakeholders and growing its audiences and therefore the importance of all utilising

Kieron Boyle, Chief Executive Officer, Impact Investing Institute to be heard.

The Chairman welcomed Kieron Boyle, the new Chief Executive of the Impact Investing Institute (III) and Ida Levine, the lead expert for Policy on the Board of the III and Chair of the Governance, Development and People Group .

Mr Boyle and Ms Levine introduced themselves and spoke on their backgrounds. They addressed the Committee on the subject of securing the UK’s position as a global hub for impact investment. In doing so, he covered four key areas: - the opportunity of Impact Investing (set to be a £26 trillion market by the end of the decade), the partnership between the III and the City Corporation, the III’s key role in supporting the City Corporation’s vision for economic growth and what more might be done in collaboration to secure London as a hub for this global market.

Mr Boyle explained that Impact Investing is about investments which deliver a financial return through attention to environmental and social outcomes. It is about the productive allocation of capital and about commercial returns as opposed to philanthropy. He went on to state that it might be best described as an investment ‘mega trend’, driven by the increased recognition of wider externalities on investment performance (sometimes called Universal Ownership) and the growth in solutions focused businesses – things such as clean energy, healthcare and forestry. Impact Investment was therefore now increasingly at the heart of leading investors’ commercial strategies.

The Committee were informed that impact investments were being deployed at scale by leading capital actors. TPG Rise were cited as a specific example with an investment fund of approximately £17 billion assets under management with commercial capital invested in companies across education, energy and infrastructure. M&G were another example cited with a £5 billion catalyst fund and having deployed £2.5 billion over the

(a) Policy and Resources Committee

To approve the appointment of an Alderman to the Policy and Resources Committee for the remainder of this civic year in the room of Ian Luder.

(b) Planning and Transportation Committee

To approve the appointment of an Alderman to the Planning and Transportation Committee for the remainder of this civic year in the room of Ian Luder.

The Committee formally considered and approved the following appointments:

RESOLVED: That: -

(a) Policy and Resources Committee

That Alderman Vincent Keaveny be appointed to the Policy and Resources Committee for the remainder of this civic year in the room of Ian Luder.

(b) Planning and Transportation Committee

That Alderwoman-Elect Martha Grekos be appointed to the Planning and Transportation Committee for the remainder of this civic year in the room of Ian Luder, subject to her formal admission to the Court of Aldermen later this afternoon.

There were no questions.

There were no additional, urgent items of business for consideration.

MOTION - That, in accordance with the Court of Aldermen’s Disclosure Arrangement (Standing Order 25), the public shall be excluded from the meeting for the following items of business on the grounds that the Chairman and Deputy Chairman of the General Purposes Committee of Aldermen have determined, having had due regard to the Disclosure Arrangement, that disclosure should not be permitted.

RESOLVED - That, in accordance with the Court of Aldermen’s Disclosure Arrangement (Standing Order 25), the public shall be excluded from the meeting for the following items of business on the grounds that the Chairman and Deputy Chairman of the General Purposes Committee of Aldermen have determined, having had due regard to the Disclosure Arrangement, that disclosure should not be permitted.

To approve the non-public minutes of the last meeting of the General Purposes Committee of Aldermen held on 11 July 2023.

The Committee considered and approved the non-public minutes of the last meeting of the General Purposes Committee of Aldermen held on 11 July 2023.

Assistant Town Clerk to be heard.

The Assistant Town Clerk was heard relative to the Role of the Honorary Ward Clerk with a view to producing a future written report on this subject.

Aldermanic Strategy Group 3 Members updated the Committee on their work pertaining to Communications and Stakeholder Engagement.

The Town Clerk invited initial reflections from the Committee on the recently held Aldermanic Strategy Morning.

The Committee were updated on preparations for the 2023 Lord Mayor’s Show.

To receive the minutes of the Emanuel Hospital Management Sub-Committee meeting held on 12 July 2023.

The Committee received the minutes of the Emanuel Hospital Management Sub-Committee meeting held on 12 July 2023.

There were no questions raised in the non-public session.

Items of business concerning key committee issues and Aldermanic presentations were discussed in non-public session.