The Parliament Building of Northern Ireland, known as Stormont because of its location in the Stormont area of Belfast, served as the seat of the Parliament of Northern Ireland and successive Northern Ireland assemblies and conventions. It is now the home of the Northern Ireland Assembly created under the Belfast Agreement, and also of the Executive Committee or power-sharing cabinet created under the Agreement, in which nationalists and unionists share power. The building was opened by Edward, Prince of Wales (later King Edward VIII) on 16 November 1932.