‘Politics in the Boardroom’ – recruitment of former politicians and civil servants to the City

In a study just published on Early View for Political StudiesSandra González-Bailon, Will Jennings and Martin Lodge examine the recruitment of former ministers and civil servants to the boards of FTSE-listed companies, specifically examining their network position and level of remuneration. Out of 7,500 directors of companies listed on the FTSE ‘All-Share’ index, it finds more than a hundred who at one point or another served in parliament or in British government. The research highlights the prevalence of officials from three premier departments (i.e. the Treasury, Foreign Office and the MoD). If anything, these findings understate the degree to which former politicians and civil servants take up corporate roles, given the potential for private earnings through consulting and other positions where public disclosure is not required.

 

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