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Conduct Committee

Contents

Role of the Conduct Committee

The Conduct Committee (the ‘Committee’) is responsible for the oversight the FRC’s enquiries, investigations and enforcement function, ensuring that appropriate cases are investigated and conducted fairly, in the public interest, in a timely manner and in accordance with due process and the Regulators code.

The Conduct Committee comprises FRC Board members and others with a range of skills, experience and relevant technical expertise. Membership of the Committee excludes current practising auditors as well as employees or officers of the professional bodies regulated by the FRC.

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Committee Members

David Willis

Chair

Appointed as Chair 1 April 2022

David is a solicitor by profession and was a partner in international law firm Herbert Smith Freehills (and predecessor firm Herbert Smith) for many years. He was Managing Partner of Herbert Smith from 2008-2012 and Joint CEO of Herbert Smith Freehills from 2012-2014. He is currently Chair of Paradigm Trust, a multi-academy trust, and Vice Chair of United Response, a charity supporting adults with learning disabilities, where he chairs the Finance and Resources Committee. He was previously a member of the governing body of Queen Mary University of London, where he chaired the Audit and Risk Committee and a member of the board of the Solicitors Regulation Authority, where he chaired the Finance and Audit Committee and was a member of the Law Society Group Audit Committee.

Angela Cha

Member

Appointed 1 April 2022

Angela is a solicitor and a former partner of the international law firm Pinsent Masons where she was joint head of the financial services (FS) sector group and head of the outsourcing, commercial, and technology practice in London. She specialised in advising FS sector clients on major change and business transformation projects. After her private practice career with Pinsent Masons, Angela continued her legal career working with FS sector clients on a consulting basis.

Angela is a non-executive director on the Board of Bath Building Society where she is also Chair of the Remuneration Committee. Outside of the FS sector, Angela is a co-opted member of the Audit and Risk Committee at the NSPCC.

Sir Ashley Fox

Member

Appointed 1 April 2022

Sir Ashley is a business consultant providing strategic advice on the European Union. Sir Ashley formerly served as a Member of the European Parliament (MEP) for the South West of England & Gibraltar from 2009-19.  During his career in the European Parliament Sir Ashley was a member of the committee for Economic & Monetary Affairs and the Industry where he was the committee's rapporteur on Corporate Governance in Financial Institutions. He also served on the Industry, Research and Energy committee where he authored the Parliament’s reports on Crowdfunding and also Artificial Intelligence and Robotics. He was knighted in 2019 for political and public service.

In 2020 Sir Ashley was appointed as non-executive Chair of the Independent Monitoring Authority, a public body set up under the UK/EU Withdrawal Agreement to ensure the rights of EU citizens living in the UK are upheld. Before entering politics, Sir Ashley was a solicitor specialising in insurance litigation.

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Terms of Reference

The responsibilities of the Conduct Committee are set out in the Committee's Terms of Reference.

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Policies and Procedures

The Conduct Committees Policy and Procedures include information on our:

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