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Item 8 - Heads of Terms for Amending the Articles of Association and Drafting a Shareholder Agreement

Summary

This report presents the committee with a draft Heads of Terms document that sets out the specific matters that need to be addressed in amending the current ‘model’ Articles of Association that have been adopted for London LGPS CIV Ltd. It also presents proposals for a shareholder agreement which would contain matters to be agreed by the participating boroughs but which would not normally go into the articles.

Recommendations

The committee is recommended to:
i. Consider and discuss the issues raised in this report;
ii. Agree the proposed next steps and timetable.