SHRIEVAL REpoRt oF ANDREW MARSDEN Sheriff of the City of London 2022/3
“The Sheriffs of the City of London uphold the rule of law as custodians of the Old Bailey... liaise with and support the judiciary... support and represent the Lord Mayor as part of the Civic Party... host, facilitate and promote influencer and themed lunches and other events at the Old Bailey... and support both the Livery and the Ward Clubs.”
Dear colleagues, supporters and friends,
It has been a full and enjoyable year serving you as Sheriff of the City of London.
As an elected representative I believe I have a duty to report on my performance to my electorate, and I have tried to do this throughout the year via :
• My regular LinkedIn posts, (https://www.linkedin.com/in/andrew-marsden/), which have been enthusiastically received by my more than two and a half thousand regular followers and which have achieved over 350,000 impressions. Some individual reports achieved nearly 15k views
• My monthly Member’s Report issued to the Corporation
• My web site www.andrewmarsden.london, which contains pictures and articles
• My regular blog posts circulated to the livery Clerks via the Fellowship of Clerks
As the Shrieval year draws to its end, I am pleased to provide you with a summary of what I have been up to. I hope this has met with the best traditions of the City Civic and the Shrievalty.
Both Marian and I wish to thank you all for your unstinting support throughout the year. It has been truly appreciated.
It has been the honour of a lifetime to serve The City, The Livery, and the Judiciary this past year. Thank you!
As ever,
Andrew Marsden Sheriff of The City of London 2022-23
EVENtS to LIAISE WItH AND SUppoRt tHE JUDICIARY
As the Monarch’s representative to the Judiciary we reside at the old Bailey, the only privately owned Court in the country, where we bring in a range of key influencers to meet the judges and more generally support an understanding of the complex legal cases they deal with. Uniquely, in the old Bailey, there are now more female judges than male.
Youth Reform Charities Special Lunch
Discouraging young people from joining drug gangs, stopping female genital mutilation, preventing knife murder, and reducing recidivism were all on the agenda at a special meeting I hosted at the old Bailey for the leaders of key reform charities.
I was honoured to host the amazing Johnson Beharry VC of the JBVC Foundation (gang prevention), Aneeta prem MBE of Freedom Charity (dishonour abuse), patrick Green of the Ben Kinsella trust (knife murder) and Lucy Keenan from the Hardman trust (long-term prisoner rehabilitation) who dedicate so much of their time to helping alleviate these social evils. Insights and experiences were shared, and common problems discussed. Such inspirational people!
Separately, I hosted Shalina Alabaksh who supports bereaved families who have lost members through violence; Lorraine Dudek, whose son was murdered with a knife; and Eliza Rebeiro founder and CEo of “Lives Not Knives”.
“It’s not ‘Cyber Crime’…it’s just crime!”
Evening Brief
With more than 2bn internet users and 5bn mobile ‘phones sending some 294bn emails and 5bn SMS every day, it is little wonder that over 50% of reported crime in the UK is cyber and fraud based. (In fact, given the gross underreporting, it’s probably around 80% of crime). It was a pleasure to host a special briefing on the current actions being taken, given by Detective Superintendent Martin peters of the City of London police, the Deputy Lead of the NpCC National Cybercrime programme, to the Judges, as well as specially-invited expert guests from the military, government and business.
We spend some £50bn on-line, and the Cabinet office calculates that UK consumers lose £3bn, and industry £29bn from cyber-Ip fraud each year. It’s a huge issue, and developments in AI will make matters much worse.
Retirement reception for the Lord Chief Justice
I was pleased, at the request of the Magistracy, to hold a retirement Reception and Valedictory Address to the Lord Chief Justice, Lord Ian Burnett, who has overseen such significant work to bolster Magistracy numbers and
genuinely increase diversity. present were Duncan Webster oBE, the National Leadership Magistrate, and a specially-invited audience, all of whom had been integral to his reforms.
old Bailey Witness Support Service Awards
For the first time since Covid, it was a privilege to both recognise and present the long-service awards to the remarkable volunteers who help witnesses through some of the most gruelling days of their lives, as they recall such dreadful incidents. there were several 20-year and 18-year awards presented. What a remarkable contribution to our legal system they make.
tours
Amongst the 19 tours of the old Bailey I have given for organisations, two were for overseas legal delegations:
• the Society of English and American Lawyers (SEAL)
• Senior US Sarasota County Court Judges.
Both delegations were fascinated by the old Bailey, and the significant differences between our legal systems – from jury selection to sentencing practice. there were some very interesting exchanges between the old Bailey judges and the delegates.
Special Luncheon for the probation Board
It was an honour to have senior members of the probation Board to the old Bailey to meet for discussions and to meet with the judges. It is a system under great pressure with considerable staff shortages.
“I came home feeling very proud and uplifted at the integrity of out legal system”
Michael More-Molyneux Lord-Lieutenant of Surrey
Special Luncheon for the Judges of trinity House
It was an honour to facilitate a lunch for the old Bailey Judges with the Admiralty Judge, the Upper Warden of trinity House, and other key members of the Admiralty Court and to hear of their contribution to international Maritime Law and its importance to the UK.
SARASOTA COUNTY JUDGES WITNESS SUPPORT VOLUNTEERS SHRIEVAL REpoRt oF ANDREW MARSDEN 2022/3 FOUNDATION STONE OF NEW COURTSACtIVItIES to SUppoRt AND REpRESENt tHE LoRD MAYoR AS pARt oF tHE CIVIC pARtY
this first post-Covid Civic Year has been a full and active period. Working with Lord Mayors Vincent Keaveny and Nicholas Lyons. For my part, I have attended over 116 formal dinners and 127 lunches covering a wide range of business, wards, livery, charity, and Corporation activities and I have spoken at many of these. I have also attended a further 256 events, including occasions of State, such as the State Visit of the president of South Africa; prize givings; receptions; church services; lectures; presentations; as well as various opening events and those supporting charitable activities.
ACtIVItIES
Visit to Ukraine – January 2023
I was delighted to accompany the London Chamber of Commerce as the City’s Civic representative. We received a massive and heart-warming reception throughout.
In Kyiv we met with the Ukraine Chamber of Commerce, the burgeoning It sector (especially cyber and blockchain), the Retail Association and investment strategists; the Kyiv Business School, the Kyiv Chamber of Commerce and Kyiv’s Deputy City Mayor.
In Lviv, where 200k people have relocated, as have 400 businesses, we met with the Governor of Lviv, and our in-depth talks with the Ukrainian trade Minister covered a wide range of issues including the recent Digital trade Agreement, duty regimes, the MoU on Reconstruction, the early engagement of the UK, war risk insurance, the UK Visa regime, the need for rational dialogue, the UKEF financing the rebuilding of Kyiv’s bridges, English Contract Law, and the upcoming Ukraine Recovery Conference amongst others. We also visited the ground-breaking bionic prosthetic unit of the hospital.
other senior people we met included the Advisor on Europe from the office of the president, the Head of the National Security and Defence Council, and the Deputy Director from the DtI from our Embassy.
Following the visit, we had detailed discussions with His Excellency the Ambassador of Ukraine; have connected their It and Retail industry organisations with their UK counterparts; and I have joined the UK/Ukraine Business Council.
THE DIPLOMATIC RECEPTION AT BUCKINGHAM PALACE‘to ExtEND tHE INFLUENCE oF tHE CItY oF LoNDoN INtERNAtIoNALLY AND REGIoNALLY’CENTRAL SQUARE, KYIV MEETING THE TRADE MINISTER
International Day of peace
I hosted a special themed lunch for members of the Ukrainian Legal and Commercial Diaspora. other interested parties present included former senior military personnel, commercial businesses with contacts in Ukraine, and Ukrainian refugees.
Visit of Mayor of Kyiv to the City of London
I was delighted to host the visit of senior members of the City of Kyiv at the old Bailey…and was deeply humbled to be presented by the City of Kyiv with the arm badge – one of the original 200 made after the full-scale invasion - and still worn by the Mayor of Kyiv and members of Kyiv City Council who joined and now serve in the Armed Forces of Ukraine. Quite the most remarkable experience.
“Slava Ukraini !”
SHRIEVAL REpoRt oF ANDREW MARSDEN 2022/3
THE ART OF WAR
THE MAYOR OF LVIV’S BUNKER
THE DEFENDERS OF KYIV BADGE
THE LSE OPENED BY THE DEPUTY PRESIDENT OF UKRAINE
THE INTERNATIONAL DAY OF PEACE
China – official visit by xi’an delegation
I was delighted to show the senior Civic Delegation from xi’an around the old Bailey. they were also able to see the terracotta Warrior they presented to us in 2020 following the Financial Services Group delegation which I led to five cities in China in 2019: Beijing, Nanjing, Chengdu, Shanghai…and the first Civic City visit to xi’an. this ancient capital, as well as being a tourist destination, is now home to several top universities and is a centre for ‘deep tech’ – space research, aviation, new energy, It and R&D. xi’an is the birth home of president xi and lies at the start of the Chinese Belt and Road Initiative (BRI). At $1.3 trillion, the BRI is the most expensive infrastructure project in history. It will connect 60% of the world’s population and involves some 2,600+ projects in more than 100 countries.
China will grow to be the world’s largest economy within the next decade. As well as being the largest emitter of carbon it is also the world leader in wind and solar energy production and expects to be carbon neutral by 2060.
tongchuan city visit
I was delighted to welcome a delegation from the city of tongchuan, one of the most famous porcelain producers in China. the FSG visited tongchuan as part of its 2019 trip.
three-day visit to York
In addition to joining the Civic Visits to Glasgow and to South Yorkshire, I was asked by the Sheriff and Lord Mayor of York to visit their city. York is the home of 14k microbusinesses so, as well as attending the first Big Curry Lunch held outside London, I was delighted to be asked by the Mayor and York’s Council to chair a Business Round table involving Senior Leaders/Founders from York’s Business Community together with Senior Council officers responsible for growth and innovation. Many of the issues related to the London SME session I held were identical. York City council insists its growth and innovation officers have practical private sector business experience. It was also great to engage in full and frank discussions with the senior team from Aviva York and the Senior Council officers responsible for Economic Regeneration, transport, and Investment to talk around Big Data and growth issues. It was also special to meet the Masters of all York’s 12 Guilds.
SAINt’S DAYS
In support of the Regions I held St David’s and St patrick’s Lunches with appropriate guests. I also held discussions with the president of the Juniour Chamber International from Iceland.
SHRIEVAL REpoRt oF ANDREW MARSDEN 2022/3
THE XIAN DELEGATION
YORK’S BIG CURRY LUNCH
WITNESSING THE MEMORANDUM OF UNDERSTANDING
In addition to almost 70 Influencer Lunches, I also held special themed Luncheons and other events to raise the profile of areas of my personal interest - “to achieve meaningful discussions prior to lunch and encourage visits to courts post lunch to promote the rule of law and role of the judiciary at the old Bailey”.
INFLUENCER AND tHEMED LUNCHES AND otHER EVENtS EVENtS to INCREASE
tHE pRoFILE oF WoMEN
As part of my commitment to raising the profile of women during my year I held three major themed events, as well as regularly invited many senior women to the Influencer Lunches.
“Breaking through the glass ceiling”
A themed Luncheon at which senior women of achievement from a range of careers – including entrepreneurs, insurance, retail, the judiciary, journalism, psychology, engineering, HR, accountancy, waste management, local government, communication businesses and charity – all reflected on what is required to achieve senior management success. For full report see www.andrewmarsden.london
International Women’s Day, and International Day of Women Judges
In the UK only 15% of judges are women, 39% of barristers and 52% of solicitors. In many countries women are still not allowed to practise law.
Guests to this themed Luncheon included a dozen extraordinary women of achievement: entrepreneurs, Lady Justices of Appeal, other female judges, global heads of recruitment, engineers and senior officers of the Corporation, who discussed and reflected on likely future developments.
Supporting women’s & girls’ charities
200m women and girls have undergone FGM worldwide. In the UK, 137k women are living with the consequences of ‘female circumcision’… with, despite it being a criminal offence, some 60k more girls at risk. Globally, some 12m girls are forced into early marriage every year. this, together with ‘virginity testing’ carried out on young girls, forms part of the physical, emotional, and economic suffering inflicted on women and girls thought to have ‘dishonoured’ their families.
I was delighted to speak at the National Meeting of Freedom – the charity established to support these survivors, raise awareness, and educate society about dishonour abuse – and to assist with their marketing activity and awareness drive. I have also introduced them to
similar charities dealing with children.
I was honoured to be asked to write the foreword to the completely revised book “It’s not fair!” which covers forced marriage, and to host its launch at the old Bailey.
EVENtS to INCREASE tHE UNDERStANDING oF BUSINESS
Given my marketing background I wanted to advance the understanding of what drives small innovative businesses ... and at the longer end ensure people understand the majority of stock market values are in intangible brand value ... managed by marketers!
It’s attitude, not size, that matters ”Special Luncheon on SME’s”
the Corporation is interested in supporting SMEs within the City…but what is the reality?
99% of all businesses in the UK fall under the definition of Small and Medium Sized Enterprises (SMEs). Employing under 250 people, turning over less than £36m and having gross assets of under £18m is a definition but not a defining characteristic of success. SMEs, often entrepreneurially led and having development and funding issues of their own, are the major source of innovation and growth in the economy. What makes them tick? How can they be helped to be more successful?
the guests at this special event were all people directly involved in SMEs as either successful owners or sellers, or in the professional community that serves them – VC specialists, SME corporate finance specialists, SME development specialists etc – were asked to reflect on what is now required to achieve success. Microbusinesses face very different problems to larger businesses:
a. Strategic inputs are lacking
b. Funding and support needs
c. Marketing and communication capability
d. Employment and HR capabilities
e. Having the capacity (in people and time) to deal with the wider, mainly external, issues (eg sustainability, ESG issues, EDI etc) often needed for business pitches.
there was universal agreement that any advice and help from the Corporation needs to be Sub-Sector Specific, probably concentrating on the needs of Micro-businesses.
“tHE VALUE AND MANAGEMENt oF INtANGIBLE ASSEtS”
…and a ‘World First’ analysis of the position of the City within this sphere
the global intangible values of quoted companies have been growing consistently for the past 25 years. At $57 trillion, intangibles now constitute around half the value of the global stock markets. Intangibles account for around 70% of the US stock markets and 49% of the UK’s. Most of these intangible assets is in the value attributed by shareholders to brands.
Given the primary duty of a board is to curate the assets of the company for the benefit of their shareholders and stakeholders, it is critical they manage their brands professionally…and indeed that the investment community understand how this is being done.
Leaders from the pE, VC, valuation, fund management, pensions, insurance, risk, reinsurance, accountancy, innovation, banking, academic, creative, asset management, tax, and M&A industries gathered at the old Bailey to engage in a lively debate following ‘A world first’ presentation from Brand Finance.
Brand Finance, the global leaders in brand valuation, showed that half of the UK’s $1.9tr intangible asset market valuation of quoted businesses is generated in London… with $0.31tr of this in the City of London alone! Indeed, of the quoted companies in London, the majority of stock market value, 61%, is in intangibles. Less than half of this is disclosed in accounts.
It is estimated that a further $173bn (£140bn) of intangible value is generated by the private companies in the City; and the City itself has significant intellectual and relationship value which goes unaccounted for.
Despite some 79% of a recent US survey claiming that they knew about London, the City’s brand itself is not well known. Incredibly only 13% thought of London as a central financial district…spookily the same number as thought it was a shopping centre!
So, despite some £386bn of intangible value being headquartered in the City of London, only 12% of this is reported publicly. Significantly more than this amount is being generated and traded through the City’s financial institutions.
Whilst they pay lip service to measuring intangibles, very little is understood, acknowledged, or measured by our accounting and investment communities.
this raises two critical questions. First, what do they do to ensure intangible value is both being measured and actively managed by the boards of the companies they invest in on behalf of others?
Secondly, who manages the City of London’s brand?
We need more marketing and brand strategists on boards. Regular board discussion on the share price versus the tangible asset value, and how the companies can build consumer loyalty and resilience. To
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