Item 5 - Governance (CIV14/18)

Summary:  

Following the Governance Review by Willis Towers Watson the PSJC has debated what changes need to take place in how the London CIV interacts with its Shareholders and Clients.  Proposals were made at the PSJC in January around changes to the PSJC, a formation of a smaller shareholder committee and the addition of individuals to the Board of the London CIV.  Each London Local Authority was asked to comment on these proposals and the vast majority were in favour of the recommendations.  This paper sets out the summary of the consultations responses. 

Recommendation:

The shareholder Governance of the London CIV moves to the revised meeting structure of two General Meetings and Quarterly Shareholder Meetings in line with the Terms of Reference and this sectoral joint committee of London Councils is dissolved with the written agreement of all the participating local authorities all being shareholders in the London CIV.

At the next AGM of the London CIV the Chairs, Directors and members would be confirmed.