The City operates an idiosyncratic system of “corporate democracy”. At best it is flawed, at worst a recipe for abuse. A connected problem is the scant choice of candidates. For every councillor position, there are just 1.3 candidates on average, radically fewer than in London’s 32 local boroughs. The aldermanic voting system is particularly open to manipulation. An old acquaintance and former Lord Mayor once told me that one explanation for the City’s sometimes reactionary instincts is a “shadow hanging over the whole structure” of the corporation’s supposedly democratic governance, Freemasonry. Close to a third of councillors are declared masons, including the chairs of nearly all the major committees. Three-quarters of Lord Mayors over the past century have been masons.

Read more "The Financial Times Calls The City Of London Council Undemocratic: This Local Authority Will Remain That Way Until Westminster Passes Legislation To Abolish Its Business Vote"