According to IPSO:
The Regulatory Funding Company Board will be:
Magazines
Albert Read, Deputy Managing Director, Conde Nast Publications
Regional
Michael Gilson, Editor, Belfast Telegraph
Ashley Highfield, Chief Executive Officer, Johnston Press
Brian McCarthy, Group Finance Director, Archant
Ellis Watson, Chief Executive Officer, DC Thomson Publishing
National
Paul Ashford, Group Editorial Director, Northern & Shell
Christopher Longcroft, Chief Financial Officer, News UK
Paul Vickers, Secretary & Group Legal Director, Trinity Mirror
The board was nominated by a wide spread of publishers who have signed contracts with the Independent Press Standards Organisation (“IPSO”). This board will serve until the company’s AGM in 2015.
The press self-regulation system must, by definition, be funded by the newspaper and magazine industry it regulates. The role of the RFC will be to raise that industry funding
The independent Appointments Panel, chaired by Sir Hayden Phillips, is due to appoint the Chairman of IPSO imminently. The RFC’s first task will be to work with the Chairman of IPSO to agree the budget for the regulator and to raise the necessary subscriptions from the industry.
Paul Vickers, Chairman of the Industry Implementation Group and a director of the RFC said: “I am very pleased that the industry has shown its support for the new system by nominating a group of directors with such deep experience and complementary skills. The building blocks for the new self-regulatory system are fitting into place.”
