HM Treasury has announced today that David Woodward has been
reappointed as a Non-Executive Director to the Board of NS&I
(National Savings and Investments). The reappointment will be for
a term of three years, until January 2029.
Non-Executive Directors on NS&I's Board ensure a sound
strategy is in place to meet the organisation's remit of raising
cost-effective debt financing for the government. They also act
as an external source of advice, have oversight of risk control,
and ensure NS&I's links with its outsourcing partners remain
open and transparent.
NS&I is one of the largest savings organisations in the UK,
offering a range of savings and investments. All products offer
100% capital security because NS&I is backed by HM Treasury.
David is a qualified chartered management accountant with
extensive experience as a finance director across various
industries. He is also an experienced non-executive and audit and
risk committee chair, having previously held such positions at
the Hinckley & Rugby and Market Harborough building societies
and Lincolnshire Community Health Services NHS Trust. Alongside
his role on NS&I's Board, David also holds a NED position at
Aspire Housing and is a Trustee of the charity the Consumers'
Association.
More information
The reappointment has been made in accordance with the Code of
Practice published by the Commissioner for Public Appointments.
All appointments are made on merit and political activity plays
no part in the selection process. However, in accordance with the
original Nolan recommendations, there is a requirement for
appointees' political activity (if any declared) to be made
public. David Woodward has confirmed that he has not engaged in
any political activity in the last five years.
