Plum FRC jobs up for grabs
Trade secretary Patricia Hewitt has signalled that the top positions at thenewly-revamped Financial Reporting Council are about to be advertised.
Link: ICAEW protests against FRC appointments
Answering questions in the House of Commons, Hewitt was responding to pressure from Labour MP Sylvia Hermon for women to be fully represented in the new regulatory structure.
On Friday last week the implementation committee of the new regulatory system met for the first time to settle an agenda and timetable for making the changes.
Those present included Hewitt, current FRC chairman Sir Bryan Nicholson, head of the Accountancy Foundation Lord Borrie and Peter Wyman, president of the ICAEW.
The meeting came only days after Lord Borrie attacked the institute for not helping set up the Foundation?s investigation and discipline board.