Royal Charters are reserved for bodies that work in the interests of the public and represent pre-eminence, stability and permanence in their field. The IoD was awarded its Royal Charter in 1906 and it remains an acknowledgement of the continuing work we do to promote professionalism in business.
Our mission and responsibility has four elements:
To promote for the public benefit high levels of skill, knowledge, professional competence and integrity on the part of directors and equivalent office holders of companies and other organisations.
To represent the interests of IoD members and the business community, to government and all opinion formers. To encourage and foster a climate favourable to entrepreneurial activity and wealth creation.
To promote the study. research and development of the law and practice of corporate governance, and to share findings.
To advance the interests of members of the institute, and to provide facilities, services and benefits for them.