Become a NED at the Insolvency Service!

Ever thought the Insolvency Service (IS - pictured) was not focusing on the right issues? Or perhaps you feel that it is doing a sterling job and that it should continue on the current course? Here is your chance to change things or keep a steady hand on the tiller. The IS are advertising for a non-executive director (NED). The position comes with a princely £4,000 remuneration package. Here is the substance of the advert:

"Job description for Non Executive Director

The Steering Board

The Insolvency Service has been an Executive Agency of the Department for Business, Innovation and Skills (formerly Department of Trade & Industry) since 1990 and throughout this time has had an advisory board (the Steering Board) comprising of its senior executive team and a number of independent members.

The role of the Steering Board is to advise the Secretary of State, through the Director General of Fair Markets, on the governance of The Service, in particular its corporate plan, targets and performance. It also provides guidance from a commercial or business standpoint to the Chief Executive and his senior team on the operation and development of The Service.

The objectives of the Steering Board are:

· to advise on strategic direction, objectives and performance targets within the context of the Department of Business, Innovation and Skills (BIS) overall objectives and wider Government objectives, The Service’s Framework Document and Financial Memorandum and its annual Corporate Plan;

· to endorse the annual report and accounts for submission to Parliament by the Accounting Officer;

· periodically to assess performance against objectives and targets and to assess The Service’s short and medium term financial position and prospects;

· to advise on scope and outcomes of reviews;

· to advise on major business developments which involve a significant change in the agency’s role or activities; and

· to advise on The Service’s exposure to and management of risk.

The Steering Board meets on six occasions (five half days and one full day) during the financial year, usually in The Service’s London offices. Independent members are invited to attend The Service’s annual conference (usually out of London) and ad-hoc meetings with members of the executive with whom they may be twinned. Additionally, independent members may be asked to assist on specific projects.


The ideal candidate will have:


  • extensive experience in or of the insolvency profession or the wider insolvency world at a senior level, with some knowledge of the personal insolvency field;
  • strong strategic thinking and the ability to pick up new issues and interpret new situations quickly and effectively;
  • the ability to engage actively with the executive and to challenge constructively;
  • the potential to take over the position of chair of either the Audit Committee or Steering Board in due course. The former would require an accounting background; and
  • the drive and ability to quickly develop a strong understanding of The Service’s mission, priorities, objectives and targets, culture and values.


  • experience and knowledge of operating at a senior level with or within the public sector; and
  • experience of organisational performance, risk management and control.

What we offer:

The role offers the opportunity to help guide and shape the strategic direction and operational performance of The Insolvency Service, a government agency whose purpose is to provide the means of dealing with financial failure and misconduct and which has a strong ambition to innovate to further drive up the quality of its services to customers and its efficiency.

Non-executive membership carries a remuneration of £4,000 pa.

For further information about the role, please contact the Steering Board Chair - Phil Wallace on 01908 583216 or email

Applications are invited from members (or recent members) of the insolvency profession. An application form and Diversity Survey can be downloaded from

Please send completed application forms to:

Kathryn Brown

Head of People Exchange
The Whitehall & Industry Group
22 Queen Anne's Gate

T: 020 7222 1166
F: 020 7222 1167

The closing date for expressions of interest is 29 June 2010. Interviews are expected to be held at the end of July.

Further information about The Insolvency Service may be obtained from our website at"

Picture Credit: Insolvency Service