aop
ad

ICAEW struggles with modernity?

by Rose Orlik

More from this author

04 May 2011

ICAEW at Moorgate Place

TODAY'S ICAEW council meeting offered a glimpse of an old-established organisation paddling determinedly to keep up with modern life.

Early in the session, chief executive Michael Izza was at pains to stress support for the coalition's anti-tax-avoidance measures. He pointed to "some areas of tax planning that are no longer regarded as legitimate", saying the situation has changed appreciably over the past five years.

Attendees raised concerns over constitutional changes that will change the number of council members, demanding to know whether they make a mockery of the upcoming elections that will see half of the council subject to a vote.

The changes come partly in response to dwindling membership in regional chapters, and are intended to better reflect the make-up of Britain's oldest accountancy institute. In the same vein, the questions were raised over how the ICAEW's increasingly global membership will be reflected in council composition. President Gerald Russell said a mixed bag of co-opting and constitutional election is currently being used, and promised a paper on the subject within the next six months.

Demographics seemed to be worrying many council members, as Owen Finn raised the issue of co-opting young, female members in order to improve representation. He described the policy as "a fudge" and "an insult", demanding to know where the young, co-opted male members were.

A number of other issues caught the board by surprise, as Alan Livesey raised the problem of students in China - where the ICAEW has recently opened a new office, to great fanfare - passing their exams without ever having paid their membership. The board was taken aback by the suggestion, and promised to investigate.

The open session concluded with thanks to the council chairman Philip Hollins, who is soon to step down. He was almost moved to tears by a vote of thanks - perhaps contemplating the changes ahead for both him and the 131-year-old institute.

Visitor comments Add your comment

May we have the facts please?

It is a shame your reporter has factual errors in this report. The change in Council composition is not due to dwindling regional membership, but due to growing international membership, and the need for Council to continue to evolve as the Institute develops. It was a meeting of Council not of the Board of course.

Ian Davies, Council member, SOSCA President, and a former young co-opted male member of the Education and Training Directorate.

Posted by: Ian Davies, 05 May 2011 | 12:05

Britain's oldest accountancy institute?

Surely that has to be ICAS?

Posted by: Al, 22 Jul 2011 | 10:18

Add your comment
display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit

Search thousands of financial jobs:

Information currently unavailable.

Search thousands of financial jobs:

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

Careers

Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you

Briefings

Supplier Statement Reconciliations cover

Supplier statement reconciliations: Manual chore or critical value adding process?

By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.

7 Building Blocks cover

7 building blocks for business growth

Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities