Sir Stuart calls for more charity leaders to sit on corporate boards

Sir Stuart Etherington, chief executive of NCVO

Sir Stuart calls for more charity leaders to sit on corporate boards6

Governance | Vibeka Mair | 23 Feb 2012

Sir Stuart Etherington, chief executive of NCVO, has said credit ratings agencies should be not-for-profits by law, and has called for more charity sector leaders to sit on PLC boards.

Sir Stuart made the comments last night at an event called ‘Making Capitalism Responsible’ organised by think tank Oasis Charities Parliament, which had speeches on capitalism from Business Secretary Vince Cable, Sir Stuart and Richard Paton, a member of Occupy LSX.

In his speech, Sir Stuart said credit rating agencies were part of the problem with the financial system, and said by law they should be not-for-profits: “They downgrade the credit of countries forcing them to borrow at higher rates,” he said. “And these same agencies rate complex financial institutions while making money from them.”

“They are part of the problem, not the solution.”

He said a not-for-profit credit agency should be created to compete with current players.

Sir Stuart also called on government to revitalise a civil economy, with mutuals and co-operatives, addressing this specifically to the Liberal Democrat part of the coalition.

And he made a strong call for greater diversity on PLC boards, saying that too often there was no way in for some groups. “The make-up of many boards in the financial sector is not representative of anyone in this room,” he told the audience. “There are only two people from civil society on PLC boards - Jasmine Whitbread from Save the Children and Dame Mary Marsh from NSPCC.”

He continued that he was “sick” of companies saying that charity leaders would not understand the issues of a private company. “Many of our leaders do deal with complex and global issues which large companies also face,” he said.

At the event, Business Secretary Vince Cable agreed that it was vital that company boards became more diverse.

NCVO is already acting on the issue. This week, it announced a series of seminars aiming to create links between talent in the voluntary sector and FTSE company boards.


26 Feb 2012

Considering the glass ceiling for women in the voluntary sector is it not a good idea for Sir Stuart to get his own house in order first? How diverse is NCVO's own senior team?

Mike Whitlam
Special Adviser
Russam GMS
24 Feb 2012

Delighted that Chris Zealley reminded folk about what Nick Hinto said 20 years ago. I recall this also being one of my suggestions at the time I set up ACEVO, 25 years ago. The Challenge now for both Stuart and Stephen Bubb is to try and turn this into a reality. Maybe this is something that those of us involved in TU could do given our links across all sectors.

Chris Zealley
Public Interest Research Centre
23 Feb 2012

This idea was mooted by Nicholas Hinton Stuart's predecessor at NCVO over 20 years ago, with no success. There is a big difference between entrepreneurship in a pro bono organisation and in commercial businesses of all sizes.

Social responsibility on company boards will not being achieved by having 'a statutory charity CEO' on them, any more than 'a statutory woman' did anything for equal treatment of women.

Carl Allen
23 Feb 2012

There are not that many charity leaders who can sit on such boards in the first instance.

Peter Cleasby
Plunkett Foundation
23 Feb 2012

The underlying idea is worthy, but I wonder how many charity CEOs have time to do their own jobs and sit on plc boards as well?

23 Feb 2012

Thumbs up for the idea and I want to go first. Nice, fat, wealthy company paying me nice money for directorship - if I only could be there I already would! And then I could do all the volunteering you ask me to.

Mutuals, co-operatives and the likes are natural part of conservative view of things (in its liberal form at least) because it takes strain from the state that goes back to its right place which is complementing people's efforts, not taking responsibility for their whole lives.

I sign with both hands for more self-help and mutualism and less state intervention. This is where truly responsible, mature civil society starts.


[Cancel] | Reply to:

Close »

Community Standards

The community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

  • Robust but respectful debate
  • Strongly held opinions
  • Intelligent relevant discussion
  • The sharing of relevant experiences
  • New participants

We will not publish:

  • Rude, threatening, offensive, obscene or abusive language, or links to such material
  • Links to commercial organisations or spam postings. The comments board is not an advertising platform
  • The posting of contact details for yourself or others
  • Comments intended for malicious purpose or mindless abuse
  • Comments purporting to be from another person or organisation under false pretences
  • Gratuitous criticism, commentary or self-promotion
  • Any material which breaches copyright or privacy laws, or could be considered libellous
  • The use of the comments board for the pursuit or extension of personal disputes

Be aware:

  • Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
  • Comments left by others may not be accurate, do not rely on them as fact
  • You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear


  • Enjoy the opportunity to express your opinion and respect the right of others to express theirs
  • Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.

Free eNews

BeatBullying lost out on major funding sources in 2013

30 Oct 2014

The BeatBullying Group lost out on major sources of funding in 2013, exacerbating its cashflow problems,...

St Mungo's staff plan new ten-day strike

30 Oct 2014

Staff at St Mungo’s are planning to strike again for ten days from next Wednesday in further protest...

Commercial auditor joins Charity Commission board

30 Oct 2014

The Charity Commission has appointed an experienced commercial auditor to replace former board member...

#GivingTuesday signs up 400 partners with just over a month until the big day

31 Oct 2014

Some 400 UK-based charity and commercial partners have now signed up to #GivingTuesday – a global campaign...

Over £6m raised in first day of DEC's Ebola Crisis Appeal

31 Oct 2014

More than £6m has been raised by the Disasters Emergency Committee’s (DEC) Ebola Crisis Appeal since...

Centre for Sustainable Philanthropy announces six PhD projects to research giving

31 Oct 2014

The ‘rituals’ of fundraising events and creating the optimal forms of engagement for digital giving...

BeatBullying's technology CIC has not filed accounts with Companies House

22 Oct 2014

A software community interest company set up by the BeatBullying Group in 2012 is almost a year late filing...

Blackbaud launches online giving platform for individual fundraisers

17 Oct 2014

Blackbaud has launched its online giving platform, everydayhero, for fundraisers in the UK in a bid to...

Don't dismiss social media 'slacktivists', fundraisers told at IFC

16 Oct 2014

Charities should embrace and love charity ‘slacktivists’ because social is a great ramp for new donors,...

Join the discussion


Attending our one day courses is a highly effective way of ensuring new and existing trustees fully understand their role, responsibilities and liabilities.

>> Find out more <<