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 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:
- Aberdeen Joint Station
- Axholme Joint Railway
- Belfast & North Counties
- Birmingham Canal Navigations
- Caledonian & North British Railways (1908) Agreement
- Cartingford Lough Commission
- Carlisle (Dentonholme) Station
- Cheshire Lines
- County Donegal Railway Board
- Dee Conservancy Board
- Dublin & South Eastern Board
- Dumbarton & Balloch Joint Line
- Dundalk, Newry & Greenore Board
- Dundee & Arbroath Joint Line
- Forth Bridge Board
- Girvan Harbour Commission
- Grangemouth Branch Railway
- Great Central Committees previously with the L&NWR: the Midland:
- North Staffordshire Railway: Hull & Barnsley & Midland:
- Great Northern Committees with the L&NWR & Midland
- Great Northern Joint Stations
- Great Western Joint Committees with the L&NWR: the Midland: Brecon & Merthyr: Rhymney:
- Halifax & Ovenden Joint
- Halifax High Level Joint
- Humber Conservancy Board
- Leeds New Station Joint
- Maryport Harbour Commission
- Methley Railway Board
- Norfolk & Suffolk Joint Railways
- Normanton Station Committee
- Oldham, Ashton & Guide Bridge Board
- Otley & Ilkley Joint Line
- Pension Fund (L&YR)
- Perth General Station
- Perth Station Hotel
- Princes Dock Branch Railway
- Railway Clearing House (Irish)
- The Railway Clearing House
- Railway Companies Association
- Somerset & Dorset Board
- Somerset & Dorset Joint Committee
- South Yorkshire Joint Line
- Strabane & Letterkenny Railway Board
- Superannuation Fund Boards for the former, L&NWR, Midland, Caledonian and Lancashire & Yorkshire
- Swinton & Knottingley Joint
- Tebay Joint Station
- Tottenham & Hampstead Joint
- Upper Mersey Navigation Commission
- Wakefield Westgate Joint Station
- West London Extension Board
- Whitechapel & Bow Board
- Whitechapel & Bow Joint Committee
- Widows & Orphans
- Railway Air Services Ltd.
- Huddersfield Joint Omnibus Committee
- Halifax Joint Omnibus Committee
- Todmorden Joint Omnibus Committee
- Sheffield Joint Omnibus Committee
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.
- Vice-President (1) responsible for:
- Executive Research Office
-
- Vice-President (2) responsible for:
- Railway Traffic Operating & Commercial Section (Traffic, Operating, Passenger & Commercial)
- Departments:
- Chief Operating Manager
- Chief Commercial Manager
- Chief Officer for Scotland
- Estate Manager
-
- Vice-President (3) responsible for:
- Works & Ancilliary Undertakings & Director of Scientific Research
- Departments:
- Chief Civil Engineer
- Chief Mechanical Engineer
- Signal & Telegraph Engineer
- Electrical Engineer
- Road Motor Engineer
- Chief Marine Superintendent
- Research Manager
-
- Vice-President (4) responsible for:
- Finance & Service Departments
- Departments:
- Secretary's & Registrar's and Savings Bank
- Solicitor
- Chief Accountant
- Chief Stores Superintendent
- Rating Agent
- Chief Office for Labour & Establishment
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.