Ex-CBI chief joins E&Y as non-exec

Kashflow logo
John Stokdyk
Share this content

Fresh from his New Year honours knighthood and his stint as CBI director general, Sir Richard Lambert has been appointed as one of three independent global advisers for Ernst & Young.

The other appointees include Mark Olson, a former chairman of the US Public Company Accounting Oversight Board (PCAOB) and Klaus Mangold, vice chairman of Rothschild Europe and a former CEO of Daimler-Chrysler Services.

With these new non-exec appointments E&Y is following the lead of PwC and KPMG in bringing outside expertise into its governance structure.

The move to appoint non-execs echoes the independent oversight required of listed companies and suggests the Big Four are re-engineering themselves to counter calls for tighter regulation. E&Y, for example, faces a forbidding challenge in the shape of New York state’s civil case arising from the firm’s role as auditor of failed investment bank Lehman Brothers.

Please Login or Register to read the full article

The full article is available to registered AccountingWEB.co.uk members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.


Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.