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
Albert Read: Deputy Managing Director, Conde Nast Publications
(Date of re- appointment: 12 May 2015)
Regional
Michael Gilson: Group Editor, Newsquest Sussex
(Date of appointment: 10 May 2016)
David King: Chief Financial Officer, Johnston Press
(Date of appointment: 10 May 2016)
Brian McCarthy: Chief Financial Officer, Archant
(Date of appointment: 10 May 2016)
Ellis Watson: Chief Executive Officer, DC Thomson Publishing
(Date of re- appointment: 12 May 2015)
National
Kevin Beatty - RFC Chairman: Chief Executive, DMG Media
(Date of appointment: 10 May 2016)
Paul Ashford: Group Editorial Director, Northern & Shell
(Date of appointment: 12 May 2015)
Pia Sarma: Editorial Legal Director, Times Newspapers
(Date of appointment: 10 May 2016)
Murdoch MacLennan: Chief Executive, Telegraph Media Group
(Date of re- appointment: 12 May 2015)