Recommended by Liberal Democrat party leader Charles Kennedy, Shutt was named as one of the nine Liberal Democrat peers to take up the 33 life peerages in the House of Lords.
The 59-year-old married father of three qualified as an accountant with the English ICA in 1969. He worked in various positions in local and regional government from 1973 to 1990.
Speaking to AccountancyAge.com today, he said: ‘It will be very different. But, I feel my experiences in local government will help me to keep my feet firmly on the ground.’
Now officially retired, although he prefers to see his career as redirected but still very much alive, Shutt is vice chairman of the Joseph Rowntree Reform Trust. The Reform Trust is the largest non-charitable grant making trust. He also continues his work as a trustee of Joseph Rowntree Charitable Trust, a grant-making foundation.
Shutt was awarded an OBE for his services as a trustee of the Joseph Rowntree Charitable Trust, Demos Think Tank and the Irish Peace Institute. He is also the leader of the Lib Dem group on Calderdale council, Yorkshire.
Shutt was a partner at Bowesfield, Waite until five years ago, when he stood again for the post of councillor in 1995.
With his position of treasurer at the Institute of Citizenship, he is still able to juggle numbers. The Institute of Citizenship promotes citizens’ involvement within the community.
His financial background and vast experience in the voluntary sector obviously tipped the balance for Shutt on selection to a peerage.
He will be joined in the Lords by English ICA president Dame Sheila Masters, who was also awarded a peerage.
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast