Board Member, London Legacy Development Corporation

at  Greater London Authority

KEY INFORMATION

Salary: £14,000 plus an additional allowance for sitting on/ chairing a committee
Contract type: Fixed Term
Reference: LLDC-BM
Interview date: w/c 2nd-16th December 2024
Application closing date: Sun, 24/11/2024 - 23:55

ABOUT YOU

LLDC is looking for up to three Board members to join its Board, who each have a significant track record in delivering inclusive growth in their business areas and represent one of the following priority skills areas:

• Finance, risk and audit, with Audit Committee experience*
• Inclusive economy
• Arts, culture and education
• Candidates should be qualified accountants with previous experience of having chaired an Audit and Risk Committee.

The following additional skills/experience are highly desirable:

• Commercial innovation
• Development and asset management
• Health and safety
• Planning
• Fundraising
• Sport (Olympic or Paralympic)

In addition, Board members should demonstrate:

• A commitment to diversity and equality, public service values, achieving best value for money and to upholding and demonstrating the Seven Principles of Public Life.
• An understanding of policy in relation to social, economic and physical regeneration and the creation of a sustainable legacy, able to shape economic growth strategy and urban place-making, catalyse growth and attract inward investment.
• An understanding and awareness of the political context and dynamics in which the Board and LLDC operate.
• Knowledge of, and credibility with, local and national government and other public agencies as well as the private sector.
• Ability to lead by example, inclusive rather than exclusive and prepared to share expertise knowledge and skills with other Board members.
• Ability to operate in a high profile and publicly accountable environment.
• Ability to command the respect of their peers and leaders in their field.
• Able to scrutinise, probe and challenge the decision making of management in a manner that is constructive and robust.
• Highly developed interpersonal and communications skills.

ABOUT THE ROLE

The members of the Legacy Corporation are required to:

• Provide entrepreneurial leadership of the Legacy Corporation operating within its overall statutory framework;
• Provide prudent and effective controls appropriate to a body responsible for the use of public funds which ensure that high standards of corporate governance and financial management are observed and which enable risk to be assessed and managed;
• Ensure that the necessary financial and human resources are in place for the Legacy Corporation to achieve the objectives;
• Set the Legacy Corporation’s values and standards and ensure that the objectives and the Legacy Corporation’s obligations to others are understood and met;
• Prepare an annual budget and capital spending plan for each financial year for consideration by the Mayor in accordance with the Mayor’s annual budget timetable and procedure
• As soon as practicable after the end of each financial year ensure that an annual report is prepared by the Legacy Corporation including the audited accounts for submission to the Mayor and the London Assembly
• Ensure that proper regard is had to any guidance given by the Mayor as to the exercise of the Legacy Corporation’s functions
• Ensure that the Legacy Corporation complies with any directions given by the Mayor as to the exercise of the Corporation’s functions
• Review the performance of the Chief Executive.

Board Members once appointed, depending on their knowledge, skills and experience, are then appointed by the Board to serve on one or more LLDC’s committees. The committee structure is an Audit Committee, an Investment Committee, and an Inclusive Economy Committee.

To be eligible, your disability must be within the definition laid down in the Equality Act 2010. A disabled person is defined by the Equality Act 2010 as someone who has a physical or mental impairment, which has a substantial and long-term adverse effect on their ability to perform normal day-to-day activities. For the purposes of this policy, these words have the following meanings:

• ‘substantial’ means more than minor or trivial.
• ‘long-term’ means that the effect of the impairment has lasted, or is likely to last, 12 months (there are special rules covering recurring or fluctuating conditions)
• ‘normal day-to-day activities’ include everyday things like eating, washing, walking and going shopping