Former Virgin Money Boss Picked as Next Chair of UK’s Auditing Watchdog
She would succeed Sir Jan du Plessis as the watchdog faces scrutiny over audits of WH Smith, Thomas Cook and Carillion.
- The Government named Dame Jayne-Anne Gadhia as its preferred candidate to chair the FRC, with Kyle stating she is "perfectly placed" to lead the auditing watchdog at this important time.
- Dame Jayne-Anne previously led Virgin Money from 2007 until 2018, overseeing the Northern Rock acquisition after nationalisation, and later held roles at Salesforce and Snoop before joining HMRC and the Tate.
- On Tuesday, the Trade Committee will scrutinise her appointment; if confirmed, she would succeed Sir Jan du Plessis, who steps down at the end of September.
- The FRC has led major investigations into Thomas Cook and Carillion, while currently probing PwC over its auditing of Smith; the regulator claims it has transformed into a more transparent body.
- In January, the Government scrapped plans to establish a new auditing regulator with greater powers, maintaining the FRC's current structure and oversight role in the UK financial system.
13 Articles
13 Articles
Former Virgin Money chief set to lead Financial Reporting Council
The former chief executive of Virgin Money has been selected as the government’s preferred candidate to lead the UK’s accountancy regulator following the expected departure of Sir Jan du Plessis. Dame Jayne-Anne Gadhia was named by Business and Trade Secretary Peter Kyle to replace du Plessis for a four-year term overseeing the Financial Reporting Council (FRC) regulator following his departure on 30 September. Du Plessis was nominated by the To…
uk-times.com
GOV.UKDame Jayne-Anne Gadhia named as preferred candidate for Chair of the Financial Reporting Council
Dame Jayne-Anne Gadhia has been announced by the Business Secretary as the government’s preferred candidate to become Chair of the Financial Reporting Council for the next four years. The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries, and sets the UK’s Corporate Governance and Stewardship Codes. It promotes transparency and integrity in business and aims its work at investors and others who rely on company repo…
UK picks Dame Jayne-Anne Gadhia as preferred candidate to chair FRC
The UK Secretary of State for Business and Trade, Peter Kyle, has put forward Dame Jayne-Anne Gadhia as the government’s preferred candidate to chair the Financial Reporting Council (FRC) for a four-year term. The FRC oversees auditors, accountants and actuaries, and is responsible for setting the UK’s Corporate Governance and Stewardship Codes. Its responsibility is to promote transparency and integrity in business, with a focus on investors an…
Former Virgin Money Chief Tapped to Lead UK's Audit Watchdog in Major Governance Move
The Government has selected Dame Jayne-Anne Gadhia to chair the Financial Reporting Council.If approved, she will replace Sir Jan du Plessis when he steps down in September.The appointment comes as the audit watchdog continues investigations into several high-profile corporate cases.The Government has named former Virgin Money chief executive Dame Jayne-Anne Gadhia as its preferred candidate to lead the Financial Reporting Council (FRC), placing…
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