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Hail to the chiefs: Meet the new presidents

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17th Jun 2014
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Over the past month or two, the most of the leading accountancy bodies have sworn in new presidents for 2014. Here's your chance to find out more about them.

CIMA - Keith Luck

Keith Luck became the 81st president of the Chartered Institute of Management Accountants (CIMA) after being elected in at its AGM last week.

In addition Myriam Madden was elected deputy president.

Luck has worked at Deloitte, HSBC, BT, the Metropolitan Police and the Foreign & Commonwealth Office and currently has a role at Serco Group.

He has served on the CIMA Council for over eight years and has been an active CIMA speaker and ambassador throughout his career.

Luck was notably also CIMA’s representative on IFAC’s Professional Accountant’s in Business (PAIB) committee from 2006 to 2012. 

The new president, who will serve a one-year term, said: “I am honoured to be elected as president and I look forward to continue advancing our mission of helping people and businesses succeed."

His presidency comes as CIMA launches its updated 2015 syllabus, introduces Global Management Accounting Principles and implements computerised assessment.

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ICAEW - Andrew Bailey

The ICAEW recently swore in its new president, Andrew Bailey, who first joined the institute's council in 1998. University finance lecturer Hilary Lindsay becomes vice president and will rise to the top job in May 2016.

Bailey is a consultant with Begbies Traynor Group and Kingston Smith. He also holds various non-executive director roles.

After qualifying as a chartered accountant in 1969, he moved to Stoke firm Donald Bates & Co, where he became partner. In 1989, he led the firm into a merger with Bentley Jennison (now part of Baker Tilly).

By 1993, Bailey was a senior partner, regional managing partner and a board member.

Bailey has held various positions in the Instiute for 16 years, including that of chairman and was voted in as vice president in 2012.

He will lead ICAEW until June 2015, when he will hand over to new deputy president, Andrew Ratcliffe. 

In his inaugural speech, Bailey said he planned to back projects that would help keep accountancy 'relevant' in the 21st century, including Access Accountancy, to open new paths to the chartered accountancy career, and a tax assembly to "rethink tax" for the 21st century.

* * *

ICAS - Jann Brown

Former Cairn Energy chief financial officer and managing director Jann Brown took over as president of ICAS at the Scottish institute’s AGM at the end of April.

Earlier that month, she announced she was resigning from Cairn and would be taking on a role as non-executive director and audit committee chair at Wood Group plc. “As that part of my career ends a new chapter opens,” she said on the ICAS website.

Brown represents an interesting change of pace for ICAS, having come to the institute via industry in contrast to former KPMG vice chairman and current BP and RBS non-exec Brendan Nelson (2013-4), and Sir David Tweedie (2012-3), the former Accounting Standards Board and IASB chairman.

But what she does share with her two predecessors is a stint with KPMG, where she trained as an accountant after graduating from Edinburgh University in the late 1990s. From KPMG, she joined Cairn Energy PLC as group tax manager in 1998 and rose through the finance department to take the combined CFO/managing director role in 2006.

One of her objectives for the year is to push for women to play a more prominent role within the profession. “As only the third female president in the Institute’s history… you would not be surprised to learn that I take more than a passing interest in the changing demographic of the institute’s membership,” she said.

“Currently half of our students and around a third of our overall membership are women. ICAS and the profession need to adapt to ensure that we are attractive and relevant to them.”

Brown’s term of office also coincides with the 160th anniversary of the Royal Charter that established ICAS as the world’s first professional body of accountants. “My task as president and the focus of those who follow me will be to continue to strive to ensure that ICAS is not just the first but also the best,” she said.

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CIOT - Anne Fairpo

Newly appointed CIOT president Anne Fairpo needs little introduction to AccountingWEB members who have read her commentaries on intellectual property taxation and employment tax, or enjoyed her tax podcasts.

Ten years ago, she was a contributing editor on AccountingWEB and founded the site’s business management zone. But it’s worth taking this opportunity to remind readers of her other accomplishments...

A barrister at 13 Old Square Chambers and Atlas Chambers specialising in taxation cases, Fairpo has been a fellow of the institute since 2006 and currently chairs its education committee as well as sitting on its international taxes technical sub-committee.

As a lawyer she trained with solicitors Irwin Mitchell before moving to KPMG as a senior manager, where she headed the Big Four firm’s e-commerce tax team in the South of England.

Fairpo wrote Bloomsbury Professional’s book on ‘Taxation of International Property and the CIOT Corporation Tax 2010 Handbook (CCH).

In addition to focusing her considerable intellect on the machinations of the international tax system, Fairpo is something of a technology pioneer and has written extensively on using mobile and cloud tools for accountancy and tax practitioners. In spite of this enthusiasm (or more likely because of her practical knowledge), Fairpo recently warned HMRC about the dangers of over-reliance on technology in her inaugural speech. Wild enthusiasm in Whitehall for the wonders of technology should be tempered with practical reality, she said, as not everyone wants to do their taxes online.  “A bit of caution might be in order.” 

* * *

ACCA - Martin Turner

In contrast to the other accountancy bodies, ACCA marches to its own organisational agenda and its new president usually takes over after the association's AGM in September each year.

For the past eight months, the post has been held by Martin Turner, a freelance management consultant with extensive finance and management experience in the healthcare sector.

Turner qualified with ACCA in 1976 and worked for more than 20 years as a finance and chief executive in the National Health Service. He subsequently moved to Australia and worked as chief executive for the Health Services in Adelaide. As a consultant he has advised health departments in Jamaica, Lithuania, Iraq, Kazakhstan and Serbia.  He is also finance director of a private health company in the UK.

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By carnmores
18th Jun 2014 20:24

same old same old
Irrelevant

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