City of London Corporation

The City of London Corporation, officially and legally the Mayor and Commonalty and Citizens of the City of London, is the local authority of the City of London, the historic centre of London and the location of much of the United Kingdom's financial sector.

In 2006, the name was changed from Corporation of London as the corporate body needed to be distinguished from the geographical area to avoid confusion with the wider London local government, the Greater London Authority. It is a corporation in the sense of being a municipal corporation rather than a company; it is deemed to be the citizens and other eligible parties acting as one corporate body to manage the City's affairs.

Both businesses and residents of the City, or "Square Mile", are entitled to vote in corporation elections. In addition to its functions as the local authority (analogous to those undertaken by the 32 boroughs that administer the rest of Greater London) the City of London Corporation takes responsibility for supporting the financial services industry and representing its interests. The corporation's structure includes the Lord Mayor, the Court of Aldermen, the Court of Common Council, and the Freemen and Livery of the City. The "Liberties and Customs" of the City of London are guaranteed in Magna Carta's clause IX, which remains in statute. Provided by Wikipedia