David Jetuah, Accountancy Age, Monday 5 July 2010 at 08:53:00

Non-executive directors to be brought in at Ernst & Young at a globallevel as UK audit firm code is extended to the entire network


Ernst & Young will appoint non-executive directors to help oversee itsglobal operations it announced today.

Jim Turley, the firm's global chief executive, said that the firm wouldextend the UK's Audit Firm Governance Code framework to its business globally.

"Although the code technically applies only to our UK business, as a globallyintegrated organisation we believe it is most appropriate for us to implementthe code?s provisions on a global basis also,? said Turley.

Scott Halliday, E&Y's managing partner for the UK & Ireland, saidNEDs would be appointed at a global level.

The NEDs would then be asked to join the firm's global advisory council, themain governance body overseeing E&Y's strategic decisions, importantappointments and all public interest aspects of our decision making.

Ernst & Young?s 2010 global transparency report, to be issued inSeptember, will include all disclosures required by the governance code, thefirm added.

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