London & Partners - openness and transparency

Meeting: 
MQT on 2014-12-17
Session date: 
December 17, 2014
Reference: 
2014/5119
Question By: 
Stephen Knight
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor
Category: 

Question

Following the apparent unwillingness of London & Partners - the official promotional company for London, majority funded by the Greater London Authority (GLA) -  to open itself up to scrutiny from the London Assembly (for example by not providing its business plan in a timely manner or details of senior employee remuneration), will you consider making future GLA funding conditional on greater transparency?   

Answer

Answer for London & Partners - openness and transparency

Answer for London & Partners - openness and transparency

Answered By: 
The Mayor

As London & Partners (L&P) was set up as a commercial enterprise, it is bound by commercial sensitivities in a way that public bodies are not, which has implications for the form of scrutiny to which it is subject. It is held to account by its Board, to which I appoint the Chairman and a non-executive director, and GLA grant funding cannot be released until I have approved its annual business plan. I am open to ensuring as much transparency as possible within the bounds of L&P's institutional remit. Consideration is currently being given to the possibility of L&P publishing further details in relation to board decision making, business planning and key performance indicator data, and senior staff remuneration and declarations of gifts and hospitality. Any mutually agreed changes in approach would be formalised through the GLA's grant agreement with L&P, due to be refreshed in time for the start of the next financial year on 1 April 2015.