Investment & Performance Board Membership and Terms of Reference

To consider proposals for investment that require Mayoral approval in line with the threshold contained in the Mayor’s Scheme of Delegation for the GLA, including those proposals passed to the Board by the Housing Investment Group and the London Enterprise Panel;

To consider project and programme performance, both financial and output driven, against year-end expectations, identifying any actions required;

To receive updates and provide recommendations on business planning and related issues from those organisations with which the GLA has a funding link through either (i) GLA specific legislation (e.g. MDCs and the Museum of London) or (ii) the GLA holding a substantial interest in a company (e.g. London & Partners, MedCity, Film London and SMEWFL);

To consider progress in achieving Mayoral commitments across GLA Group activities and make recommendations accordingly;

To oversee the GLA Group budget strategy and outcomes, including prudential borrowing levels and proposed transport fares and congestion charges; and

To oversee the implementation of the Mayor’s shared services programme across the GLA Group.