Introduction

The Regulatory Funding Company (RFC) is charged with raising a levy on the news media and magazine industries to finance the Independent Press Standards Organisation (IPSO). This arrangement ensures secure financial support for IPSO, while IPSO’s complete independence is at the same time guaranteed by a majority of lay members, and is a further sign of the industry's commitment to effective self-regulation.

Board members

Magazines

James Wildman: Chief Executive, Hearst UK
(Date of appointment: 3 June 2021)

Regional

Jeremy Clifford: Editor in Chief, JPi Media
(Date of re-appointment: 7 May 2020)
Dominic Fitzpatrick: Managing Director, Irish News
(Date of re-appointment: 30 May 2019)
Victoria Hewitt: Director of Operations, The Barnsley Chronicle
(Date of appointment: 7 May 2020)
Mike Watson: Chief Executive Officer, DC Thomson Publishing
(Date of appointment: 3 June 2021)

National

Kevin Beatty - RFC Chairman: Chief Executive, DMG Media
(Date of re-appointment: 30 May 2019)
Lord Black of Brentwood: Vice Chairman, Telegraph Media
(Date of re-appointment: 7 May 2020)
Simon Fuller: Chief Financial Officer (Nationals Division), Reach Plc
(Date of appointment: 7 May 2020)
Pia Sarma: Editorial Legal Director, Times Newspapers, News UK
(Date of re-appointment: 30 May 2019)