Jessica Fino 3 Sep 2018 10:45am

IoD names Charlotte Valeur as its new chair

The Institute of Directors (IoD) has named Charlotte Valeur as its new chair, replacing Lady Barbara Judge six months after her controversial departure

Judge stepped aside from her role earlier this year following allegations of bullying and racism.

Valeur, who begins her role today, is originally from Copenhagen and has a background in finance, having previously worked at Société Générale, BNP-Paribas and SG Warburg.

She also founded her own advisory firm, the Global Governance Group, as well as Board Apprentice, a non-profit organisation providing individuals with year-long placements observing business boards. The latter has been cited in the government’s recent reviews on ethnic and gender diversity in UK boardrooms as a resource for effecting real change, the IoD pointed out.

She is currently a non-executive director at Laing O’Rourke, a multinational construction company.

Stephen Martin, director general of the IoD, said, “[Valeur] brings with her an impressive range of experience, gained by leading businesses of different sizes and sectors. This will put her in tune with the breadth of IoD members. As a member herself for over a decade, Charlotte possesses a first-hand understanding of what the Institute can and should be providing for the director of today.

“I know that Charlotte’s insight and genuine commitment to good governance will ensure we are perfectly placed to lead as we begin a fresh chapter in the Institute’s history.”

Meanwhile, Valeur said, “Good corporate governance is not only fundamental to the IoD’s charter, but is also one of the UK’s prime assets in the global marketplace. I look forward to continuing the IoD’s work providing first-class professional development for directors and leading the governance policy debate.

“With the challenges of the modern business environment only increasing in complexity, the IoD’s role supporting, training, and connecting leaders is more vital than ever.”

Chris Walton, who has been working as interim chair of the IoD since Judge’s departure, said the last few months have been a "period of renewal", and Valeur’s appointment will take the organisation on to “bigger and better things”.

Judge was put on temporary leave in March while 41 allegations brought by staff against her were being investigated. She consequently resigned from her role, along with two of IoD’s most senior directors.

Judge said at the time of her departure, “I continue to strongly refute the allegations made against me and remain deeply disturbed by the gross and conspiratorial mishandling of the process which has led to the damaging circumstances in which I and the institute are now placed.

“The clear flaws in this process were identified in the statement I read to the council yesterday, which included the institute’s failure to give me an opportunity to reply to the allegations, the leaking of a confidential legal document to the press and the misrepresentations made by the institute and its investigators to my legal advisers.”