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• Question by: Jennette Arnold OBE
• Meeting date: 17 January 2007

Can I then ask what is the current investment in, specifically, tobacco? I ask this because I raised this question in September 2005 with the Mayor, and his answer then was that he was of the opinion that LPFA was looking towards developing an ethical investment policy that would take account of this type of issue. Can I just add, you talked about employment and you said it was fine, if you like, to be investing in BAE (British Aerospace) because it gave us great employment. Is it fine to stay investing in tobacco companies that kill hundreds of thousands...

• Question by: Jennette Arnold OBE
• Meeting date: 17 January 2007

Can I just say that for me the meeting started well but from that last response I am really quite disappointed. Can we go back to the answers to Mike's [Tuffrey] question? If we are talking about openness, then why do we not see something like that in this document? Where would you see this approach that you have outlined in this document? Basically, from what you have said, you have a very narrow definition of a pension fund that seeks to be socially responsible. Let me just say to you, you used the phrase, `It would be lunatic to...

• Question by: Jennette Arnold OBE
• Meeting date: 17 January 2007

How long will that stock remain with your fund?

• Question by: Jennette Arnold OBE
• Meeting date: 17 January 2007

But can you tell me the share? And can I just follow you on and say, if you are thinking long term, are you not aware that tobacco companies, themselves, are disinvesting in the poisonous weed, and are going into different stocks and different products? So, can you not say that on this issue, you, as the Chair of this body, will be working with your officers to be shifting whatever that investment that is currently within the portfolio somewhere else?

• Question by: Jennette Arnold OBE
• Meeting date: 17 January 2007

I did not hear your answer. Is your answer that your fund managers are being asked to move this share out of the current investment portfolio?

• Reference: 2007/0007
• Question by: Jennette Arnold OBE
• Meeting date: 17 January 2007

What actions are you taking towards a more ethical investment policy by disinvesting from tobacco companies and the arms trade?

• Question by: Jennette Arnold OBE
• Meeting date: 13 October 2004

Thank you for that answer, but you will recall that one of the issues that was raised at the five-borough planning meeting was the legacy. Really my question is about what guarantees we are building in to ensure that facilities that are built really can have the revenue in order that they can carry on, and we are not left in a position with so-called `white elephants- around the place.

• Question by: Jennette Arnold OBE
• Meeting date: 13 October 2004

Can I just press you: when you say "sign off" and "your assurance," we hear this, and people in Hackney and in east London have heard this time and time again, so can you just dig deeper? What do you mean? What guarantees are there that there will be a revenue stream and that these jobs that are created will stay local? I do not get a sense of what is happening and who is going to be leading. Will the LDA be leading on behalf of the Mayor to ensure that the legacy is longer than the Games?

• Question by: Jennette Arnold OBE
• Meeting date: 13 October 2004

Can I just take you round to the people. One of the riches of the city and one of the riches of the Games pitch is the diversity and the ethnic minority communities that are at the heart of this area of London. What guarantees do they have that they will be seen as part of a future in terms of jobs, or will they only be brought out to serve at the banquets?

• Question by: Jennette Arnold OBE
• Meeting date: 13 October 2004

Following on from that, all the legacy assurances and promises we have heard here today will all be handed over to an independent bid company. Could you just tell us about this company's accountability to the Mayor? How will we, then, as Members of the London Assembly have access to this company?