| Type | Professional Organization |
|---|---|
| Founded | 1903 |
| Location | Pall Mall, London |
| Area served | UK and worldwide |
| Focus | Business |
| Method | Representation, Industry standards, Conferences, Publications |
| Members | 40,000 (2011) |
| Website | The Institute of Directors' |
The Institute of Directors (IoD) is a UK-based organisation, established in 1903 and incorporated by royal charter in 1906 to support, represent and set standards for company directors. It occupies grade I listed premises on Pall Mall, London built 1826-28 to the designs of John Nash.
The IoD currently has around 40,000 members, and has premises open for the use of those members in London (3 locations), Belfast, Birmingham, Bristol, Cardiff, Edinburgh, Leeds, Manchester, Norwich, Paris, and Reading.
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There are three primary grades of membership: Associate, Member and Fellow.
Members of the institute may use the post-nominal letters MIoD and Fellows may use the post nominal letters FIoD. A common mistake made is that the post-nominal letters used are MInstD for Members and FInstD for Fellows of the society, however this is not the case.
The IoD deliver an award, the Certificate in Company Direction and the Diploma in Company Direction, which covers key topics such as role of company director, financial responsibilities of directors and key topics under strategic business direction. These qualifications are suitable for directors across different sectors and background and can ultimately lead to Chartered Director status, uniquely offered through the IoD in London.
The IoD hold the charter for directors, granted to them by the Privy Council. Chartered Director (CDir) can be applied for via the IoD directly, or via partner organisations, Chartered Directors may use the post-nominal letters CDir.
Director General: Simon Walker
Chairman: Dr Neville Bain
Chief Operating Officer: Andrew Main Wilson
Institute of Directors (IoD) and the Association of Chartered Certified Accountants (ACCA) are working on a number of initiatives to promote an agenda of good governance and high standards in learning and development. From 2007, ACCA members seeking to enhance their skills and improve the performance of their organisation will be able to undertake the Chartered Director qualification – a professional qualification for directors.
Organisations like the Institute of Directors in New Zealand and other organisations are part of the IoD International, a global network of the IoD. The IoD is a founding member of the Global Director Development Circle (GDDC).The IoD is a founding member of the European Confederation of Director's associations (ECODa), an EU wide grouping.[1]
Alex Mitchell, Head of Influencer Relations at the IoD is a founding member of the G20 Young Entrepreneurs Alliance