10 things the new CEO will need to do for the ICAEW
The challenges ahead for Micheal Izza
1. Counter falling membership
ACCA could overhaul the ICAEW’s membership as early as 2008.
2. Competition to reputation
CIMA is growing in stature, threatening institute reputation for delivering
the best qualification for career development within UK plc.
3. Attract more students
From 1999 to 2004 ACCA and CIPFA grew student rolls by 40%. ICAEW intake
dropped by a quarter.
4. Implement a new syllabus
New (delayed) syllabus must meet needs of students and employers.
5. Restore leadership’s standing
The merger efforts damaged relations with grass roots.
6. Rebuild relations with CCAB
The profession needs, at times, to speak with one voice.
7. Improve decision making
Council is large and unwieldy.
A strategic imperative if the institute is to remain competitive.
9. Expand internationally
If serious growth is going to come, it will come from abroad.
10. Financial security
Continue to service high cost base without hiking membership fees.