To present the background to the
Council’s part-ownership of Border to Coast Pensions
Partnership Limited, a company created to manage the investments of
the North Yorkshire Pension Fund.
To seek approval of the updated governance documents of Border to Coast Pensions Partnership Limited.
To confirm who will be the shareholder representative from 1 April 2023.
Decision type: Non-key
Decision status: Recommendations Approved
Notice of proposed decision first published: 10/03/2023
This decision will be taken under urgency procedures.
Reason for urgency:
The governance documents have been drafted and approved by all other shareholders and must be signed prior to 31 March 2023.
Anticipated restriction: Part exempt - View reasons
Explanation of anticipated restriction:
Appendices 1 and 2 contain confidential information on agreements between the shareholders of the company and require the council to comply with confidentiality obligations.
Decision due: 21 Mar 2023 by Shareholder Committee
Lead member: Leader
Lead director: Corporate Director of Resources