Ernst & Young has announced it will hire new non executive directors to oversee the roll out of its new UK Audit Firm Governance Code.
The firm announced it would be rolling out the Code at a global level. Ernst & Young’s 2010 Global Transparency Report, which will be issued in September, will include all disclosures required by the Code.
“Although the Code technically applies only to our UK business, as a globally integrated organisation, we believe it is most appropriate for us to implement the Code’s provisions on a global basis also,” said Jim Turley, global chairman and CEO of Ernst & Young.
“One of the important provisions mandated by the Code concerns the appointment of independent non-executives. We intend to make these appointments a...
About Gina Dyer
I've been a journalist for four years, writing on a wide variety of topics from business and finance to travel, culture and celebrities. I began my career as an editorial assistant for Palladian Publications, a B2B publisher specialising in technical magazines for professionals in primary industries. I later moved into consumer magazines as a staff writer for French Magazine, a monthly travel publication aimed at Francophiles, and was part of the launch team for The Traveller in France, a quarterly magazine produced for the French tourist board. I was also a regular contributor to online travel portal Homesworldwide.co.uk, and later worked with customer publishers Future Plus as a freelance production editor, before joining Sift Media in January 2009. I am currently Deputy Editor of AccountingWEB.co.uk.