Corporate structure
GLE is not like any other public sector organisation. It does not work within a statutory framework determining its functions and how it should discharge them. With no subsidy, it has to earn its own revenues through entrepreneurial, commercial activity.
Its continued success depends on the ability of management to ensure that the commercial aspects of the organisation remain in good shape and to keep the work of the Company relevant to the public policy agenda is perceived by its members and the other stakeholder organisations with which it works.
It is therefore imperative for GLE to be able to change and to refocus with the times. The fact that it is still thriving and developing after twenty years of existence, during which time other, much larger economic development organisations have come and gone, is testament to its ability to adapt.
The Board
The Board has a majority of non-executive directors who are private members, including three borough members elected by ordinary members, click here for more information.
GLE's activities are orgnaised under a corporate structure with two main
subsidiary Boards, each focusing on the development needs and opportunities
of the businesses they are responsible for.
One subsidiary board manages GLE's enterprise development, programme management
and consultancy services
The other subsidiary board manages GLE's commercial investment activities of: