The IPT is a company limited by guarantee (No 1308583), with no share capital, under Section 30 of the Companies Act.
The IPT is a registered charity (No 287527). The direction and control of the IPT is determined by the Board of Trustees whose members are also directors of the company. The composition, election and retirement of Trustees are governed by the Articles of Association. The Trustees do not receive remuneration.
The maximum number of Trustees is 18, consisting of:
- Up to 11 parliamentarians
- Up to seven non‑parliamentarians, of whom five must be ‘industrialists’ and two non-industrialists
The Trustees are appointed after a process of open recruitment.
The Board has the power to delegate to an Executive Committee and other committees and working groups, some of which are governed by the Articles of Association.
The Board may from time to time appoint Presidents, whose role is set out in the Rules of the Charity.
