Agenda and minutes

Venue: Committee Rooms - West Wing, Guildhall

Contact: Philippa Sewell
tel. no.: 020 7332 1426  Email: philippa.sewell@cityoflondon.gov.uk

Items
No. Item

1.

Apologies

Minutes:

Apologies were received from Roger Chadwick and Simon Duckworth.

 ...  view the full minutes text for item 1.

2.

Members' Declarations under the Code of Conduct in respect of items on the agenda

Minutes:

There were no declarations.

 ...  view the full minutes text for item 2.

3.

Minutes of the previous meeting pdf icon PDF 179 KB

To agree the public minutes and non-public summary of the meeting held on 18 September 2014.

 ...  view the full agenda text for item 3.

Minutes:

RESOLVED - That the public minutes and non-public summary of the meeting held on 18 September 2014 be agreed as a correct record, subject to two clarifications concerning attendance and the timing of a report.

 ...  view the full minutes text for item 3.

4.

Outstanding Actions pdf icon PDF 119 KB

Report of the Town Clerk.

 ...  view the full agenda text for item 4.

Minutes:

Members noted that a paper on the Independent Advisor/Consultant would come to the Board meeting scheduled for 3 December along with the Benchmarking paper. The Strategy Review was on today’s agenda (rather than the December date listed in the report) and the Handbook would be discussed in February 2015.

 

It was further noted that Treasury Management training had been provided to the Board by Capita in October.

 

RESOLVED – That the report be noted.

 ...  view the full minutes text for item 4.

5.

Monthly Investment Analysis Review pdf icon PDF 367 KB

Report of the Chamberlain.

 ...  view the full agenda text for item 5.

Minutes:

The Board received the monthly review from September 2014, which detailed the list of current investments.

 

RESOLVED – That the report be noted.

 ...  view the full minutes text for item 5.

6.

Questions on matters relating to the work of the Committee

Minutes:

There were no questions.

 ...  view the full minutes text for item 6.

7.

Any Other Business that the Chairman considers urgent

Minutes:

There was no other business.

 ...  view the full minutes text for item 7.

8.

Exclusion of the Public

MOTION - That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part I of Schedule 12A of the Local Government Act.

 ...  view the full agenda text for item 8.

Minutes:

RESOLVED - That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part I of the Schedule 12A of the Local Government Act.

 

Item No.                                                                    Exempt Paragraphs

 

Paragraph(s) in Schedule 12A

9-14

                            3

15-16

                            -

 

 ...  view the full minutes text for item 8.

9.

Non-public minutes of the previous meeting

To agree the non-public minutes of the meeting held on 18 September 2014.

 ...  view the full agenda text for item 9.

Minutes:

RESOLVED - That the non-public minutes of the meeting held on 18 September 2014 be agreed as a correct record.

 ...  view the full minutes text for item 9.

10.

Wellington Management International

Presentation from Wellington Management International.

 ...  view the full agenda text for item 10.

Minutes:

The Board received a presentation from Wellington Management International, after which Members of the Board had the opportunity to ask questions.

 ...  view the full minutes text for item 10.

11.

Investment Strategy Review 2014 - Pension Fund

Report of Aon Hewitt.

 ...  view the full agenda text for item 11.

Minutes:

The Board received a report of Aon Hewitt.

 ...  view the full minutes text for item 11.

12.

Investment Strategy Review 2014 - City's Cash and Bridge House Estates

Report of Aon Hewitt.

 ...  view the full agenda text for item 12.

Minutes:

The Board received a report of Aon Hewitt.

 ...  view the full minutes text for item 12.

13.

Implementation Considerations

Report of Aon Hewitt.

 ...  view the full agenda text for item 13.

Minutes:

The Board considered a report of Aon Hewitt.

 ...  view the full minutes text for item 13.

14.

Private Equity Pipeline and Manager Selection

Report of Aon Hewitt.

 ...  view the full agenda text for item 14.

Minutes:

The Board considered a report of Aon Hewitt.

 ...  view the full minutes text for item 14.

15.

Non-public questions on matters relating to the work of the Committee

Minutes:

There were no non-public questions.

 ...  view the full minutes text for item 15.

16.

Any Other Business that the Chairman considers urgent and which the Committee agree should be considered whilst the public are excluded

Minutes:

There was no other business.

 ...  view the full minutes text for item 16.