Former royal aide to run Institute of Directors
Nick Clark is the arts correspondent of The Independent. He joined the newspaper in June 2007, initially reporting on the stock markets. He has covered beats including the City, and technology, media and telecoms and made the switch to arts in December 2011. He has also contributed articles to the sports section.
Wednesday 17 August 2011
Simon Walker, the man brought in to clean up the image of the private equity industry in the UK four years ago, has been appointed to run the Institute of Directors (IoD). He pledged yesterday to campaign for lower taxes and less regulation for UK businesses.
Mr Walker became the chief executive of the British Private Equity and Venture Capital Association (BVCA) in 2007, when the buyout industry was hit by a public backlash over its practice of loading companies with debt and slashing jobs. This culminated in a UK parliamentary inquiry into private equity tactics.
Mr Walker, who joins the IoD early next month, replaces Miles Templeman, whose seven-year term expires at the end of September. Mr Walker said yesterday he "relished" the prospect of representing the business community. "As director general, I will be campaigning for growth and the competitiveness of British business," he said. "We've taken the UK's competitiveness for granted for too long and now find ourselves with an excessively high tax burden, an overregulated labour market and creaking transport and energy infrastructures."
Mr Walker was previously the communications secretary to the Queen and a special adviser to the former prime minister John Major. He held other senior roles at Reuters and British Airways. He added: "Britain has lost its competitive edge and radical reform is the only route to sustainable growth, stability and long-term job and wealth creation."
- 1 What happens to your body when you give up sugar?
- 2 Japanese island overrun with cats after population explodes
- 3 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 4 Have sex with your iPad thanks to the new sex toy no-one asked for
- 5 Average penis size revealed: Scientists attempt to find what is 'normal' to reassure concerned men
California teacher appears to have hanged herself in her classroom
The City of the Monkey God: Archaeologists claim to have found city lost for 1,000 years in remote Honduran jungle
Japanese island overrun with cats after population explodes
Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
Bubonic plague-carrying fleas found on New York City rats
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
iJobs Money & Business
£36,000 - £40,000: Christine McCleave: Are you looking for a new opportunity a...
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...
£50000 - £60000 per annum + Excellent Salary: Austen Lloyd: An outstanding new...
£20000 - £21000 per annum + uncapped commission: SThree: As a graduate you are...