The Lord Mayor of London is the mayor of the City of London and the leader of the City of London Corporation. Within the City, the Lord Mayor is accorded precedence over all individuals except the sovereign and retains various traditional powers, rights, and privileges, including the title and style The Right Honourable Lord Mayor of London. One of the world's oldest continuously elected civic offices, it is entirely separate from the directly elected Mayor of London, a political office controlling a budget which covers the much larger area of Greater London. The Corporation of London changed its name to the City of London Corporation in 2006, and accordingly the title Lord Mayor of the City of London was introduced, so as to avoid confusion with that of Mayor of London. However, the legal and commonly used title remains Lord Mayor of London. The Lord Mayor is elected at Common Hall each year on Michaelmas, and takes office on the Friday before the second Saturday in November, at The Silent Ceremony. The Lord Mayor's Show is held on the day after taking office; the Lord Mayor, preceded by a procession, travels to the Royal Courts of Justice at the Strand to swear allegiance to the sovereign before the Justices of the High Court. The Lord Mayor's main role nowadays is to represent, support and promote the businesses and residents in the City of London. Today these businesses are mostly in the financial sector, and the Lord Mayor is regarded as the champion of the entire UK-based financial sector regardless of ownership or location throughout the country. As leader of the Corporation of the City of London, the Lord Mayor serves as the key spokesman for the local authority and also has important ceremonial and social responsibilities. The Lord Mayor is non-affiliated politically, typically delivering many hundreds of speeches and addresses per year and attending many receptions and other events in London and beyond. Incumbents usually make overseas visits under the auspices of the FCDO. The Lord Mayor, ex officio Rector of City, University of London and also Admiral of the Port of London, is assisted in day-to-day administration by the Mansion House 'Esquires' whose titles include the City Marshal, Sword Bearer and Common Crier. Nicholas Lyons serves as the 694th Lord Mayor (for 2022–2023). The Lord Mayor is assisted as aide-de-camp by Lieutenant Tony Blaney RMR, Sea Cadet Corps, and