Institute of Directors
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| Founded | 1903 |
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| Type | Professional organisation |
| Focus | Business |
| Location | |
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Members
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34,500 |
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Key people
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Simon Walker, Director General Barbara, Lady Judge, Chairman |
| Website | iod.com |
The Institute of Directors (IoD) is a business organisation for company directors, senior business leaders and entrepreneurs. It is the UK’s longest running organisation for professional leaders, having been founded in 1903 and incorporated by Royal Charter in 1906. The IoD, per its mission statement, stands for "free enterprise, entrepreneurialism, wealth creation and good corporate governance," and represents "the views of businesses and IoD members in the media and with government."
The IoD is located in the Grade I-listed building at 116 Pall Mall, formerly the United Services Club. Members of the IoD also gain access to co-working spaces around the UK, bespoke market intelligence, tailored tax and legal support, exclusive member-only events along with discounts on IoD professional development courses and events.
The IoD currently has 34,500 full members. Members of the IoD come from companies of all sizes and from all industries. Around seventy per cent work for small and medium-sized enterprises and are typically in senior management and boardroom-level positions. Seventy-eight per cent of FTSE 100 companies have an IoD member on their board or in a senior management position.
The IoD was founded in 1903 and incorporated by royal charter in 1906. The royal charter compels the IoD to:
Unlike other business groups, the IoD represents individual members, not companies and businesses themselves. Every member’s voice carries equal weight within the organisation, and members retain their membership of the IoD throughout their career. This allows the IoD freer rein to speak out on behalf of the business community and discuss individual companies in public.
There are currently almost 40,000 IoD members in the UK, including around 4,000 student members. Anybody who has an interest in business, is running a business, sits on a board or runs their own company can join the IoD.
In order to help address declining membership the IoD 99 Club was established in 2015. This offers IoD membership to entrepreneurs aged under the age of 40 for only £99 per year, compared to the normal annual membership fee of £405. Additionally IoD Advance was launched in March 2016, and this offers enhanced membership benefits for a higher membership fee.
The IoD represents its members and makes the case for enterprise, entrepreneurialism and business in the public and to government. Working with various stakeholders, the IoD campaigns on issues of importance to its members and the wider business community to build an environment in the UK which supports businesses and makes is easy to start, grow and run a company.
The IoD has experts on tax, infrastructure, law, Europe, corporate governance, financial services, technology, education, skills and regulation, and campaigns on all of these issues.
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