Chief of group of leaders in sudden departure

The boss of one of the biggest lobby groups in the United Kingdom suddenly left office just two months before the United Kingdom left the European Union.

Stephen Martin's resignation from the Institute of Directors (IoD) occurs less than two years after a normal badignment of at least three years.

The Idd said that his departure would allow a new leadership to lead its transformation.

The group currently has 30,000 members, against 40,000 at the highest before the financial crisis.

Mr. Martin said it was "the right time to move on".

IdD stated that the general manager had told them he was planning to leave before Christmas, but had decided not to announce his departure before the end of the notice period.

He would not disclose his exit package, saying that if they decided to make it public, it would be published in his annual accounts.

In 2017, the most recent accounts available, the IoD had a deficit of £ 989,000.

One of the main goals of the corporate lobby group is to promote good corporate governance.

Racism line

The body was the subject of a scandal last year after its president, Lady Judge, was accused of racism, badism and bullying. The judge denied the allegations and subsequently resigned.

The former investment bank Charlotte Value, who was later named president, told the Financial Times earlier this month that Martin would be held responsible if the decline in the number of members of the 39; IdD was not curbed.

Ms. Value said Wednesday that Mr. Martin had left with the "best wishes" of the IdD.

"He has been at the helm for a pivotal time for the organization and for the country, but we accept his decision to allow new leadership to advance the changes that the Institute wants to make", she added.