RegulationAccounting Standards‘Name issue shouldn’t cloud merger vote’

'Name issue shouldn't cloud merger vote'

Chief executives say ICAEW and CIPFA members shouldn't let controversy over name of merged institute sway voting choice

ICAEW and CIPFA members should not let the controversy over the name of a
merged institute sway their voting choice, the institutes’ chief executives said
this week.

With the results of the merger vote just three weeks away, ICAEW chief Eric
Anstee and CIPFA counterpart Steve Freer said that the 140,000 institute members
should focus on the information in the merger prospectus, and not on the new
institute’s potential moniker.

‘We’ve heard some objections, we have to listen to views and see whether or
not we can find some accommodation. The name issue should not cloud voting,’
said Anstee.

‘It’s a subject of great fascination among some,’ admitted Freer.

The plea came as the New Zealand Institute of Chartered Accountants joined
its Scottish, Australian and Indian counterparts against the current choice of
name for the ICAEW/CIPFA merged body: the Institute of Chartered Accountants.

But the potential merger was boosted this week with the UK’s most senior
accountants proclaiming their support for the plan.

In a letter to Accountancy Age, 15 leading players in the
profession, including Big Four bosses John Connolly, Nick Land, Kieran Poynter
and Mike Rake all backed the merger.

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