Council member Douglas Llambias asked what the institute would do if it lost the crucial vote.
Peter Wyman, new ICAEW vice president, responded: ‘There is no plan B, because we can’t undo the commercial contracts that have already been arranged.’
Earlier, the new institute president had urged members to vote in the egm. Citing his role in founding the a district society in Wolverhampton, Michael Groom said he completely supported the move to a regional infrastructure.
‘If I have learned one lesson it is that unless we can change and adapt we risk losing the support of our members,’ he said.
At yestesterday’s agm, just 12% of ICAEW members voted, prompting fears that a low turnout will give institute rebel Don Heady a chance of winning.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
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Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
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