DTI appoints accountant to head non-executive review
The Department of Trade and Industry has appointed chartered accountant Derek Higgs to lead an independent review into the role and effectiveness of non-executive directors.
The Department of Trade and Industry has appointed chartered accountant Derek Higgs to lead an independent review into the role and effectiveness of non-executive directors.
The review was announced six weeks ago after the collapse of Enron, who had appointed accountant Lord Wakeham as non-executive director and chairman of its audit committee.
It will build on the work of the Myners and Company Law reviews and will assess who the non-executive directors are and how they are appointed, their independence and effectiveness, and what could be done to strengthen the quality, independence, and effectiveness of UK non-executive directors.
Higgs, who is an investment banker at UBS Warburg and non-executive director of British Land, Egg, Jones Lang Lasalle, and Allied Irish Banks, was chosen after the job was turned down by Sir Peter Davis, chief executive of Sainsbury.
He said the review would be finished by the end of the year and the panel would present its recommendations by the end of the year.
The numbers you crunch tell a story. Your expertis...
22yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article