Issue - decisions

Councillor Mark Shooter, Chairman of the Pension Fund Committee, introduced the report.  Debate ensued.

On the recommendations in the report being put to the vote the recommendations were unanimously agreed.

RESOLVED:

That Council agrees to:

1.     Revoke the Council’s delegation of the joint discharge of the relevant functions to the Pensions CIV Joint Committee (“PCSJC”).

2.      Endorse the new governance arrangements referred to in the paper and in the letter signed by the Chief Executive of London CIV and the Chief Executive of London Councils dated 13 June 2018 (Appendix 1) “New Arrangements”).

3.     Confirm and accept that the new governance arrangements supersede the PCSJC, support the dissolution of the PCSJC, and the making of appointments to the new Shareholder Committee and additional non-executive appointments and a Treasurer observer.