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Non executive directors to join Ernst & Young

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5th Jul 2010
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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 at a global level and ask appointees to join our Global Advisory Council, our main governance body, which oversees strategic decisions, important appointments and all public interest aspects of our decision making,” commented Scott Halliday, the firm’s managing partner for UK & Ireland.

“Including individuals from outside Ernst & Young on the Global Advisory Council will bring to the senior leadership of our global organisation the benefit of significant outside perspectives and views, and we are very excited about this opportunity,” added Turley.

The firm said it was seeking "high level professionals with globally diverse backgrounds in regulation, business, public service or academia".
 

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