Mario Christodoulou, Accountancy Age, Wednesday 8 September 2010 at 09:11:00

Firm announces new non-executives following publication of governance code


Grant Thornton (GT) has become the first large accounting firm to reveal itsnew non-executives brought in following the publication of the first auditgovernance code.

The three non executives include: Richard Eyre, chairman of the Eden Project,the Internet Advertising Bureau and mobile apps company, Rapid Mobile; CarolineGoodall, non-executive director and trustee of the Woodland Trust and aconsultant to the law firm Herbert Smith; and Ed Warner chairman of UK Athleticsthrough to 2013 and of derivatives exchange LMAX.

The UK?s biggest eight audit firms were asked to appoint non-executives inJanuary following publication of the world's first Audit Governance Code. Themove was seen as the end of an audit reform process which begun with theaccounting scandal of Enron in 2002.

Grant Thornton CEO, Scott Barnes said the non-executives would bring variedexperience to the firm.

"Grant Thornton may be unique in the accountancy profession in placingnon-executives at the heart of our UK governance body where they can make a realdifference,? he said.

The non-executives will sit and have voting rights on the firm's governancebody, the Partnership Oversight Board.

Further reading:

Accountingfirms finalise new non-executive roles