FORMER ERNST & YOUNG chairman Nick Land has joined the board of accounting’s regulator as a non-executive director.
Land spent 11 years in the top role as UK chairman and chief executive of E&Y, steering the firm through the sale of its consulting business, an attempt to merge with KPMG, and its successful defence against litigation regarding its role as auditor of Equitable Life.
He won Accountancy Age’s Outstanding Contribution award in 2005.
Land is joined on the FRC board by Elizabeth Corley. She is chief executive of Allianz Global Investors Europe, having joined the company in 2005.
“[Land’s] experience as an audit committee chairman and senior independent director will be particularly valuable as the FRC responds to proposals in the UK and Brussels on the future of corporate reporting and audit,” said FRC chairman Baroness Hogg.
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