Non-Executive Director and Chair, Development Impact Committee

Body: CDC Group plc
Appointing Department: Foreign Commonwealth & Development Office
Sectors: Business, Finance & Skills, Energy, Environment, Food & Rural Affairs, Health and Social Care, International
Location: London
Number of Vacancies: 1
Remuneration: All Non-Executive Directors of CDC are offered an annual fee of £22,000 for their services with an additional £6,000 per annum paid to Chairs of the Board committees.
Time Requirements: The appointment is for an initial three-year term subject to annual shareholder and board approval. During the year, there are four two-day board and committee meetings in London; one three-day (including travel time) overseas board trip with a board meeting; one strategy day and occasional board or committee conference calls/ad hoc meetings, plus one investment committee process per annum.


An announcement has been made on the outcome of this appointment.

Professor Christopher Woodruff has been appointed as Non-Executive Director of the CDC Group Board. He will also chair CDC’s Development Impact Committee and took up duties on 9 September 2021 for 3 years.

Campaign Timeline

  • Competition Launched


  • Closed for Applications


  • Panel Sift


  • Final Interview Date


  • Announcement



Assessment Panel

Vacancy Description

CDC is the UK’s development finance institution and impact investor. The world’s first DFI, for over 70 years, we have invested in the most challenging markets of Africa and Asia, with the aim of supporting economic development. With the Foreign, Commonwealth and Development Office (FCDO) as its sole shareholder, CDC has net assets of £6.4 billion and a portfolio of £4.7 billion, managed by its talented team of 480 professionals across London and nine international offices.


CDC helps solve the biggest global development challenges by investing patient, flexible capital to support private sector growth and innovation. It takes an entrepreneurial approach to investment, thinking innovatively about ways to deploy capital, attract and mobilise other investors, and drive transformational impact. All its returns are reinvested into more businesses to generate impact. It invests for clean and inclusive growth, underpinned by our ambitious climate change strategy – committed to achieving net zero emissions across our portfolio, by 2050.


CDC is now looking to appoint a new Non-Executive Director and Chair of our Development Impact committee, with the experience and the calibre to enhance the current Board. They will bring their expertise to champion development impact and sustainability, exercising oversight on how CDC defines and meet its objectives and creates transformational impact in markets and economies. Working closely with the Chief Impact Officer they will ensure that the Development Impact committee has oversight of material development impact, environmental and social risks, and opportunities and that CDC is equipped with the right systems, processes and resources to deliver its impact objectives.


Candidates will bring extensive knowledge and experience of development impact in either development finance institutions, impact investing, banking, or other financial services along with knowledge and understanding of climate change and sustainability, gender lens investing and the monitoring, measurement, and supervision of these areas. An understanding of global best practice in ESG and responsible investing more broadly in emerging markets is also a requirement. Candidates should preferably be UK based and/or very regularly be in London.


CDC places immense value on diversity within its organisation and encourages applications from the broadest range of backgrounds. The Chair of the Development Impact committee is a certified individual under the SMCR regime, and their position requires annual Board and Shareholder approval. This is a public appointment which will be made by the company’s shareholder, FCDO, in accordance with the requirements of the Governance Code on Public Appointments which is regulated by the Office of the Commissioner for Public Appointments.

Person Specification



All candidates will be expected to evidence a passion for development finance as well as an understanding of, and commitment to, CDC’s mission. He/she will bring a strong commitment to understanding where and how CDC can maximise its development impact and championing the importance of CDC as a learning organization at Board level.


More specifically, the candidate will bring the following skills and experience:


  • A strong background in development economics, including how investment can be used alongside other instruments and interventions to help drive job creation, productivity, market development and inclusive growth within CDC’s target geographies.
  • An understanding of developing country economies and job markets, including how poor people engage with and benefit from economic opportunities.
  • A strong understanding of the role and actions of the firm in driving forward positive outcomes for workers and communities, including specifically for women.
  • A strong understanding of the role of DFIs in supporting and promoting very high standards of environmental and social governance within investee companies.
  • Experience or understanding of other fields congruent to CDC’s development impact priorities such as impact measurement, evaluation, climate change, investing for women’s economic empowerment and global best practice of ESG and responsible investing.
  • An understanding of the role of different instruments that can be used to support private sector growth, and the interlinkages between them – including technical assistance, advisory work, investment and upstream project development.
  • High levels of knowledge of DFIs, impact investors, banking, project finance and/or relevant fields such as asset management.





  • Substantial private equity investments in CDC’s target markets or emerging markets more broadly is desirable.
  • Experience of having chaired a Board committee or similar institutional committee/forum is desirable.

Additional Information

CDC’s offices are located in central London (near Victoria station).

How to Apply

Saxton Bampfylde Ltd is acting as an employment agency advisor to FCDO on this appointment. For further information about the role, including details about how to apply, please visit using reference XAOADA. Alternatively, telephone +44 (0)20 7227 0880 (during office hours). Applications should be received by noon on Monday 29 March 2021.

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