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LOCOG published its 2010-11 annual report this week. Pages 69 & 70 (71 & 72 in the PDF) are the most fun, as Kevin Blowe pointed out:

Newham Mayor Paid £10K By Olympic Organisers in 2011

Today the London Organising Committee of the Olympic Games and Paralympic Games (LOCOG) published its financial report and accounts for 2010-11, which includes details of directors' remuneration.

It comes as a surprise to find, on page 69 of the report [PDF], that one elected public official who sits as a non-executive director - Newham's Mayor Sir Robin Wales - was paid £10,000 by LOCOG in 2011 and £7000 in 2010. This is on top of an inflation-busting 4% pay rise from Newham council in 2010, which took his Mayor's salary to £81,029 a year.

Intriguingly, the accounts indicate that Stephen Lovegrove, a senior civil servant within the Department for Business, Innovation and Skills, "does not draw a fee for his services as a Non-executive Director given the nature of his role within the UK Government". I had always assumed that Sir Robin's role within local government, representing one of the Olympic host boroughs, would mean the same. But presumably LOCOG pays for his dynamic communication and interpersonal skills, not for the fact that he has final say on a huge range of council decisions that impact on the organisation of next year's Games.

If you're thinking this may throw up potential conflicts of interest, then don't worry - Sir Robin chairs LOCOG's Remuneration Committee and I'm sure he knows what he is doing...

POSTSCRIPT

The FT reports that LOCOG chief executive Paul Deighton has decided to donate his £220,000 performance and loyalty bonus to charity. As Sir Robin already has a full-time job working as the elected Mayor of Newham, perhaps he might consider donating his £10K towards, say, the youth projects that have been cut in the borough?

Who could complain about that?


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