Sir Win Bischoff has been named as the new Chairman of the Financial Reporting Council (FRC). He will take up the post on 1 May 2014. The current Chairman, Baroness Hogg, will remain with the regulator until then.
Gay Huey Evans, who has been a Director of the FRC since April 2012, has been appointed Deputy Chairman of the FRC. She will also take up the role on 1 May after the current Deputy Chairman, Glenn Moreno, steps down.
Current Chairman Baroness Hogg said,
“Sir Win Bischoff is an inspired choice for the next FRC Chairman. His financial sector experience and track record of running boards will be invaluable to the FRC on the next stage of its journey. Gay Huey Evans’ wide experience in regulation, boardrooms and international capital markets has ensured she already has made a great contribution to the FRC Board since joining in 2012.”
Stephen Haddrill, Chief Executive of the FRC, said,
“I, and the executive team at the FRC are delighted to have the opportunity to work with Sir Win Bischoff as our new Chairman. His excellent understanding of capital markets, and the needs of investors, together with his record of working with regulators and government departments will ensure the FRC continues to provide leadership to the development of corporate reporting and governance in the UK and globally.”
Sir Win Bischoff said,
“The FRC plays a vital role in connecting investors and business in the UK. I’m very proud to have been asked to become its next Chairman and I look forward to building on the significant and important work achieved under the tenure of Baroness Hogg.”
Notes to editors:
The FRC is responsible for promoting high quality corporate governance and reporting to foster investment. We set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. We represent UK interests in international standard-setting. We monitor and take action to promote the quality of corporate reporting and auditing. We operate independent disciplinary arrangements for accountants and actuaries; and oversee the regulatory activities of the accountancy and actuarial professional bodies.
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