A restructuring initiative at the Institute of Directors, a key UK business lobby group, has led to the resignation of its chair as the group grapples with the costs of Covid-19.
Charlotte Valeur, a former City banker and board diversity champion who currently chairs a LSE-listed Blackstone fund investing in CLOs, as well as the IoD, is stepping down from the latter role.
Valeur, who has been in the job since September 2018, told the board that she feels unable to continue to devote the required time and commitment that the role demands, according to a statement released by the group on 18 August.
Based on the Channel Island of Jersey, and residing in a vulnerable household, Valeur said she felt unable to continue chairing the business…
Read the full article at: https://www.fnlondon.com/articles/institute-of-directors-loses-chair-amid-pandemic-restructuring-drive-20200818