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 The political parties aren't all the same – which means 2015 will be a 'big-choice' election
- 2 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 3 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
- 4 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
UK weather: Warning for more snow and ice as freezing temperatures and gales hit Britain
Three killed at South Korean nuclear reactor days after hackers target country's atomic agency
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Immigrants make UK racist, says Ukip councillor Trevor Shonk
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...