 After being runner-up for both Vice Chairman and Chairman of the Trust in 2011, Hodgson stood down to take up a role on the board of media regulator Ofcom, where she became Chairman.Hodgson was made a CBE in 1995 and a Dame Commander of the Order of the British Empire in 2004.She is an Honorary Fellow of Newnham College, Cambridge, and holds honorary doctorates from City University, London, and the University of Essex.