Purpose

To consider
approval of the shareholder agreement required to admit
Buckinghamshire Pension Fund as a new shareholder of the London
Collective Investment Vehicle (LCIV).

Content

Consideration
was given to a report of the Executive
Director Corporate Services.
 
DECISION –
 
The Cabinet
Member for Finance & Cost of Living, following consultation
with the Chair of Pensions Committee, agrees to
 

1.    
Approve the admission of Buckinghamshire Pension Fund as a
new shareholder of the London CIV; and

 

2.    
Delegate authority to the Director of Finance to take all
steps to agree and finalise the Shareholder Agreement, associated
Shareholder Resolution and any other documents necessary to
complete the transaction (which shall include requesting the
Borough Solicitor to apply the Council’s seal to the
same).
 

 
Reasons
For the reasons
set out in the report.