[an error occurred while processing this directive]

LMS Directors' Duties

Not surprisingly, the Company's Directors came from the pre-group companies, with the honour of being first Chairman of the new London, Midland & Scottish Railway Company falling to the Chairman of the London & North Western Railway Company, Lord Lawrence of Kingsgate. Sir Guy Granet, GBE, former Chairman of the Midland Railway, and Mr E. B. Fielden, JP, the last Chairman of the Lancashire & Yorkshire Railway Company, became Deputy Chairmen.

Lord Lawrence resigned as Chairman at the Company's First Annual General Meeting held at Euston on 29th February 1924. and was succeeded by Sir Guy Granet. From a gross receipts figure of £91 million, a surplus over expenditure of 919.9 million was achieved, and this led directly to calls for reductions in the freight rates charged, which were implemented later that year. A first successful year for the largest railway company in the world.

Sir Josiah C. Stamp, GBE, joined the Board in December 1925 as the First President of the Executive, and his name is perhaps the one which, more than any other Director, is most closely associated with the development of the LMS Company. He succeeded Sir Guy Granet as Chairman in the autumn of 1927, and remained at the head of the Company until his untimely death at the age of 61, through enemy action, on 17th April 1941. In the 1938 Birthday Honours List, His Majesty King George VI conferred a Baronetcy on Sir Josiah, and he took the title, Lord Stamp of Shortlands.

Sir Guy Granet Sir Guy Granet    Sir Josiah C. Stamp Sir Josiah C. Stamp

There were many changes on the Board during the Company's 25 year period and many eminent personalities served the Company. Directors were issued with all-line gold passes for first class travel, and one of their many duties was to join the tours to various parts of the system, which were arranged at intervals. There were many responsibilities, and these included attendance at ceremonies and staff functions, where individual achievements were recognised through the award of trophies.

In addition to the main Board of Directors, there was a Northern Board, which took responsibility for operations in the Northern Division - north of Carlisle.

Directors were also required to serve on the various Joint Committees and connected operations, which included the following principal committees:

By 1st January 1937 - a point close to the mid-point in the Company's existence - the organisation was as follows:

Chairman of the Board and President of the Executive Committee. 4 Vice-Presidents, the Chief Legal Adviser, the Secretary of the Company, the Chief Executive Officer for New Works & Parliamentary Business and the Executive formed the Executive Committee.

The Controller, LMS Hotel Services, came under the direct supervision of the President of the Executive.

Much of the Chief Operating Manager's and Chief Commercial Manager's Departments were intertwined for operational expediency.

Within these various Departments there were senior officers with specific responsibilities covering every aspect of the Company's vast array of services.

NEXT

[an error occurred while processing this directive]