The International Business Advisory Council for London (IBAC London) has been set up and will be chaired by Sir Martin Sorrell, the chief executive of WPP and meets for its inaugural meeting on  October 5 in London.

 

The role of the Council will be to advise the Mayor on developing opportunities, initiatives and ideas that make London an even more appealing place for companies and their people to live and work in.

 

The subject for discussion at the first meeting will be London's "livability".

 

Johnson said: “London is a fantastic and exciting city attracting people come from all continents, countries and cultures who bring a vibrancy to our city that is unmatched anywhere in the world.

 

"London is also widely seen one of the foremost global cities in which to do business and ensuring that it maintains and build on this position is something we all have a large stake in maintaining.

 

“I am delighted that Sir Martin agreed to set up and chair the first meeting of this extraordinary group of international business leaders and equally delighted that they wanted to be part of the process for making our city even better.

 

"That they accepted the invitation to serve on the Council says so much about London.”

 

Sir Martin said: “IBAC London will be challenged with providing ideas and advice for the Mayor of London to help develop London’s economic and business policy over the years to come.

 

"I am delighted to have been asked to be the inaugural chair at such an important time for London, with just four years to go before the 2012 Olympic Games.

 

"A successful Games is clearly of enormous importance to London and London’s business.

 

"I hope IBAC London can play a major part in advising the Mayor on how this can be achieved.”