IoD Submits Response to Kay Review

Dated: 18 November 2011

The Institute of Directors has today submitted its response to the Kay Review of UK Equity Markets and long-term decision making. Simon Walker, Director General of the IoD, said:

“An effective and independently-minded board of directors is the best solution to any short-term pressures that may arise from UK equity markets. A key role of the board is to define the long-term interests of a company in the light of the interests of all relevant stakeholders. The board must ensure that the CEO and executive management do not become distracted by equity market fluctuations or agitation from short-term speculators.

“We hope that the Kay Review will recognise that the development of effective boards – particularly through improved training and greater diversity – is the best way to address the issue of UK Equity Markets and long-term decision making.”

For a copy of the full response please go to the contact point below.

ENDS

Contact Points

Edwin Morgan
Media Relations Manager
Institute of Directors, 116 Pall Mall, London SW1Y 5ED
Tel: +44 (0)20 7451 3392
Mob: +44 (0)7814 386 243
Email: edwin.morgan@iod.com
Website: www.iod.com/policy

Notes to editors

  • The IoD (Institute of Directors) was founded in 1903 and obtained a Royal Charter in 1906. The IoD is a non-party political organisation with upwards of 45,000 members in the United Kingdom and overseas. Membership includes directors from right across the business spectrum – from media to manufacturing, e-business to the public and voluntary sectors. Members include CEOs of large corporations as well as entrepreneurial directors of start-up companies.
  • The IoD offers a wide range of business services which include business centre facilities (including ten UK regional centres [three in London, Reading, Birmingham, Cardiff, Manchester, Nottingham, Edinburgh and Belfast] and one each in Paris and Brussels), conferences, networking events, virtual offices and hotdesking, issues-led guides and literature, as well as free access to business information and advisory services and a comprehensive Information Centre. The IoD places great emphasis on director development and has established a certified qualification for directors – Chartered Director – as well as running specific board-level and director-level training and individual career mentoring programmes.
  • In addition, the IoD provides an effective voice to represent the interests of its members to government and key opinion-formers at the highest levels. These include ministers, constituency MPs, Select Committee members and senior civil servants. IoD policies and views are actively promoted to the national, regional and trade media.
  • For further information, visit our website: www.iod.com
  • You can also keep up to date with the latest views from the IoD on twitter.com/The_IoD and at blogs.iod.com