1(1)A Mayoral development corporation (“MDC”) is to consist of such number of members (being not less than six) as the Mayor of London (“the Mayor”) may from time to time appoint.
(2)The Mayor must, subject to sub-paragraph (5), exercise the Mayor’s power under sub-paragraph (1) so as to secure that the members of an MDC include at least one elected member of each relevant London council.
(3)For the purposes of this Schedule—
(a)“London council” means a London borough council or the Common Council of the City of London, and
(b)a London council is “relevant” in relation to an MDC if any part of the MDC’s area is within the council’s area.
(4)The Mayor must appoint one of the members of an MDC to chair the MDC.
(5)In appointing a person to be a member of an MDC, the Mayor—
(a)must have regard to the desirability of appointing a person who has experience of, and has shown some capacity in, a matter relevant to the carrying-out of the MDC’s functions, and
(b)must be satisfied that the person will have no financial or other interest likely to affect prejudicially the exercise of the person’s functions as member.
(6)The Mayor may require any person whom the Mayor proposes to appoint as a member to provide such information as the Mayor considers necessary for the purposes of sub-paragraph (5)(b).