Financial Executives International, a US body, which has been meeting potential new members this week, comes to this country in the wake of concerns about the finance professions following the collapse of Enron.
FEI will be the first alternative to the 100-Group for FDs, but will also admit members from much smaller companies. It has chosen to begin its European expansion in the UK because of the increased importance of the London-based International Accounting Standards Board.
The FEI code of conduct encourages members to avoid conflicts of interest and insists all forms of financial reporting should be clear – both faults found with the Enron scandal.
Philip Livingston, FEI’s president and chief executive officer, said: ‘We are the first professional association for all FDs. We need to get organised on a global level.’
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars