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."
Actress sees off speculation about her appearance in an amazing way
Review: Despite an uphill climb to see Jake Bugg in action, his performance is notably flat
Powerful images of strays taken moments before being put down
Review: Witty banalities aside, the comedian has an authentic voice
The Washington Post editor helped Bob Woodward and Carl Bernstein bring down President Nixon
- 1 Salisbury ranked seventh-best city in the world to visit in Lonely Planet’s Best in Travel 2015
- 2 Disney announces new female-led film Moana
- 3 Banksy not arrested: Internet duped by fake report claiming artist's identity revealed
- 4 Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
- 5 Russell Brand threatened with arrest after filming outside Fox News headquarters
Chicago voter tells Obama 'don't touch my girlfriend' – Obama stays super smooth
Oscar Pistorius: The brutal prison life that awaits disgraced athlete
Banksy not arrested: Internet duped by fake report claiming artist's identity revealed
Raphael Ravenscroft dead: 'Baker Street' musician who played the most famous saxophone solo for just £27, dies aged 60
Darren Vann: Indiana man arrested for murdering teenage prostitute confesses to six other murders - and police fear more
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver 'kicks gay couple off for kissing'
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Jose Manuel Barroso warns David Cameron against making 'historic mistake' over immigration reforms
iJobs Money & Business
£18000 - £23000 per annum + Commission: SThree: The SThree group is a world le...
£18000 - £23000 per annum + Comission: SThree: The SThree group is a world lea...
£20000 - £25000 per annum + OTE £Competitive: SThree: SThree Group and have be...
£23000 per annum + pension and 22 days holiday: Ashdown Group: An established ...