FRC appoints former ICAEW president to its board

REPORTING and tech specialist Paul Druckman has been appointed to the board of the Financial Reporting Council (FRC).

The appointment will take effect from 1 January 2017, when he will join the Codes and Standards Committee and become chair of the Corporate Reporting Council from the same date.

Sir Win Bischoff, chairman of the FRC, said: “I am pleased to welcome Paul to the FRC board, he is a committed global leader in capital market reform. His business experience will be valuable as the FRC responds to the Government’s review of corporate governance and prepares for Brexit.”

Druckman led the International Integrated Reporting Council as CEO for five years and is currently chairman of the Clear Group, an independent UK insurance broker. He is a well known figure in the profession, having served as chairman of Access Group and as a past president of the ICAEW and a former chair of its IT Faculty. Druckman has previous experience with the FRC, as a director.

Another highlight of his career was as chair of the Prince’s Accounting for Sustainability Project (A4S) Executive Board.

Druckman said: “The eyes of world will be on the UK in the coming years and the FRC is known and respected internationally. I am keen to draw on my contacts and experience in international best practice, in the public interest on behalf of the FRC.”

The news comes as the FRC has recently issued guidance regarding the annual reporting of companies, and expect a Brexit narrative.

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