City of London Corporation 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 municipal governing body 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 to avoid confusion with the wider London local government, the Greater London Authority. The Corporation is probably the world's oldest continuously-elected local government authority. Both businesses and residents of the City, or "Square Mile", are entitled to vote in elections, and
Royal Commission on the Amalgamation of the City and County of London each of these issues. The new central body, which was to be called the Corporation of London, or more formally the "mayor and commonalty and citizens of London", was to be the legal successor of both the existing city corporation and the London County Council. In effect the status of city was to be extended from the old City to the area of the entire county, which would be redesignated as the City of London. The new city was to be governed by a council. The first matter addressed was the membership and method of election of the central body.