On the day Sepp Blatter was re-elected as Fifa president, the IoD has urged the sponsors of global football’s governing body to “take a stand”
In a week when the arrest of senior Fifa officials on corruption charges has shaken the sport, the IoD’s director of corporate governance, Dr Roger Barker, told newspaper City AM: “As a minimum, sponsors have to say to them: unless you fundamentally change your governance structure so that it becomes more accountable, potentially we could in the future withdraw our sponsorship funding.”
While some sponsors such as Visa have threatened to withdraw its money and FA chairman Greg Dyke has backed a Uefa boycott of the 2018 World Cup, many big-name sponsors have so far remained mute.
IoD members would not adopt a Fifa-style governance structure for their companies, said Barker. “It is an astonishing structure,” he said. “A lot of these sponsors of Fifa pay a huge amount of attention to the governance of their own companies, in order to have a good reputation as a company, and yet they are putting money into an organisation that appears to be hugely lacking.
“In a way it kind of negates the governance structures they are putting in themselves.”