A statement from Stephen Martin, Director General of the Institute of Directors:
“This is a victory for ordinary staff members, who had the courage to risk jeopardising their careers, to speak out and make complaints about the conduct and language of people in very senior positions.
“This is a victory also for good governance. Our HR department took these complaints seriously and instigated a truly independent process through an external law firm, which fully and fairly considered the allegations before producing their conclusion in a final report that the majority of the allegations were true.
“Today marks the start of a new era for the IoD where we are freed to focus on modernisation, where we are able to share our learnings from this difficult challenge with other companies across the country who find themselves in extraordinary circumstances. The new IoD will strive to be even more supportive and collaborative, reflecting the culture of its courageous staff members.”