MD2008 Appointment of a director of Greater London Authority Holdings

Type of decision: 
Mayoral decision
Code: 
MD2008
Date signed: 
27 June 2016
Decision by: 
Sadiq Khan, Mayor of London

Executive summary

In January 2012 the then Mayor established two companies (reference MD937): Greater London Authority Holdings Limited and GLA Land and Property Limited. This was done so as to facilitate compliance with the Localism Act 2011 concerning the commercial activities of the Homes and Communities Agency in London, the London Development Agency and the London Thames Gateway Development Corporation which were devolved to the Greater London Authority (GLA) on 1 April 2012. With the change of Mayoral administration in May 2016, director appointments need to be made to both companies. In the case of Greater London Authority Holdings Limited, the appointment requires a Mayoral decision.

 

Decision

That the Mayor approves:

David Bellamy, Chief of Staff, to be appointed as a director of Greater London Authority Holdings Limited. 
 

Part 1: Non-confidential facts and advice

Introduction and background

1.1        In January 2012 the then Mayor established two companies (reference MD937): Greater London Authority Holdings Limited and GLA Land and Property Limited (commonly referred to as GLAP). This was done so as to facilitate compliance with the Localism Act 2011 concerning the commercial activities of the Homes and Communities Agency in London, the London Development Agency and the London Thames Gateway Development Corporation which were devolved to the Greater London Authority (GLA) on 1 April 2012. 

1.2    With the change of Mayoral administration in May 2016, director appointments need to be made to both companies. In the case of Greater London Authority Holdings Limited, the appointment requires a Mayoral decision as the GLA is the shareholder. For GLA Land and Property Limited, appointments can be made by company resolution as Greater London Authority Holdings Limited is the shareholder.

1.3    Greater London Authority Holdings Limited acts as a holding company for a subsidiary company GLA Land and Property Limited. This structure allows other future subsidiary companies to be held by the holding company if required which would help optimise the GLA’s future tax position.

1.4     It is proposed that those appointed as directors of the companies follow the previously established pattern with the Chief of Staff acting as a director of both companies and the Deputy Mayor for Housing acting as a director of GLA Land and Property Limited. The Executive Director of Resources and the Executive Director of Housing & Land would remain directors of both companies. Further details of the proposals follow immediately below.   

Greater London Authority Holdings Limited (Company Number 07923665)
Status: GLA subsidiary company
Type: UK company limited by shares
Directors:
•    Martin Clarke, Executive Director of Resources;
•    David Lunts, Executive Director of Housing & Land; and
•    David Bellamy, Chief of Staff.
Shareholder: Greater London Authority
Shareholder’s Representative: Executive Director of Resources

GLA Land and Property Limited (Company Number 07911046)
Status: GLA subsidiary company
Type: UK company limited by shares
Directors:
•    Martin Clarke, Executive Director of Resources;
•    David Lunts, Executive Director of Housing & Land;
•    David Bellamy, Chief of Staff; and
•    James Murray, Deputy Mayor – Housing.
Shareholder: Greater London Authority Holdings Limited
Shareholder’s Representative: Executive Director of Resources

 

Objectives and expected outcomes

2.1    The decision is concerned with sound governance of the GLA.

 

Equality comments

3.1    There are no equality issues arising directly from this decision.

 

Other considerations

4.1    There are no other relevant considerations.

 

Financial comments

5.1    There are no financial issues arising directly from this decision.

 

Investment and Performance Board

7.1    This decision does not fall within the remit of IPB.

 

Planned delivery approach and next steps

8.1    The appointment will take effect in June 2016.