Agenda

To elect Chair for 2025 / 2026

To elect Vice Chair for 2025 / 2026

To receive any apologies for absence

To receive any declaration of personal interest

To note any items which are urgent business in the opinion of the Chairman so that they may be considered

The Chairman shall propose that the minutes of the meeting of this committee held on 17^th March 2025 to be signed as a true record

To consider and approve the Business Plan.

To consider the report and recommend to the Council (at its meeting on 3 July 2025):

1. Note the WPP Fit for the Future Business Case (Appendix 3, Appendix 4 and section 4)

2. Approve the formation of a corporate entity wholly owned by the WPP Administering Authorities (AAs) to be the WPP Investment Management Company (IMCo.) and all other actions necessary to submit an application to the Financial Conduct Authority (FCA) for the authorisation of the IMCo. including but not limited to the selection and recruitment of Senior Management Function (SMF) roles as required by the FCA and the preparation and submission of the application to the FCA. (Section 5)

3. Approve the revised WPP Business Plan & budget 2025/28 which includes design/enabling costs for Project Snowdon (Appendix 5 and Section 6)

4. Delegate the S151 Officer in consultation with The Pension Fund Committee Chair to progress Project Snowdon alongside WPP Administering Authorities (AAs) in line with the Government timetable within the approved budget.

5. Delegate the final approval of the final formal documentation required for IMCo. to be operational, described as “Go Live Work” as outlined in Section 7, to The Pension Fund Committee to give effect to The WPP Fit for the Future Business Case.

To consider and receive the information.

To consider and receive the information