Regulatory Board Chair Designate and Lay Members
ACCA - Appointment of Regulatory Board Chair Designate and Lay Members
ACCA (the Association of Chartered Certified Accountants) - the global body for professional accountants - has long been at the leading edge of governance best practice with regards to regulation and discipline. It introduced lay oversight of its disciplinary arrangements in the 1980s and was the first accountancy body to open its disciplinary hearings to members of the public in the 1990s. ACCA supports 200,000 members and 486,000 students throughout their careers in 180 countries, providing services through a network of 100 local offices and active centres.
It now seeks to make a number of Lay Member appointments to its Regulatory Board with one of these expected to be the Chair Designate. The Chair Designate will be initially appointed as a Lay Member from December 2018 and identified to replace the current Chair in the autumn of 2019. The other four Lay Members will consist of one appointment in December 2018 and three deferred appointments to the autumn of 2019.
The Regulatory Board was established in 2008 in order to bring together all of the ACCA’s governance and oversight arrangements for regulation and discipline into one single entity. It provides clear lines of oversight and responsibility for demonstrating that ACCA’s regulatory and disciplinary arrangements are operated with appropriate independence from its other activities.
Applications are sought from individuals who can demonstrate an impartial mind-set and a well-developed understanding of good governance practice. The rationale is to provide constructive challenge from an ‘outside’ perspective and introduce specific non-accountancy skills. The appointees will bring independence and clarity to each role, showing an understanding of the ACCA’s obligations to operate in the public interest and, ideally, an existing knowledge of regulatory and disciplinary matters. For the Chair appointment, previous experience of leading a Board and ensuring effective conduct of Board meetings is required.
These roles are not open to accountants. The appointments are made for an initial term of three years, renewable for a further term of three years. You may apply for both roles. Further information is available by clicking on Apply.