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FRC appoints four new non-executive directors to its board

The new appointments will work alongside Plessis, who has been confirmed as the organisation’s new chairman following a hearing with the Business, Energy and Industrial Strategy Committee in January.

The Financial Reporting Council (FRC) has announced it has appointed four new non-executive directors to its board.

Angela Cha, Sir Ashley Fox, Clare Thompson and David Willis have been named by the Business Secretary to help to ensure “strong standards” of governance at the FRC, which promotes transparency and integrity across UK business.

The council said Cha has held “various” consultancy and non-executive positions. She is currently a non-executive director of the NSPCC and a co-opted member of the Bath Building Society board.

Fox has been chair of the Independent Monitoring Authority since 2020 and a business consultant since 2019. He was previously a member of the European Parliament for the South West of England and Gibraltar from 2009 to 2019 and was knighted in 2019.

The FRC said Thompson had an executive career at PwC between 1976 and 2011, which combines client serving roles with internal leadership, and became a partner in 1988. She is currently a senior independent director and audit committee chair of significant financial services groups – both global and domestic.

Willis was a solicitor, latterly managing partner of Herbert Smith between 2008 and 2012 and then joint-CEO of Herbert Smith Freehills between 2012 and 2014 following a merger. He has held “various” non-executive roles since retiring, including chair of the Paradigm Trust (a multi-academy schools’ trust).

According to the FRC, the new appointments will work alongside Plessis, who has been confirmed as the organisation’s new chairman following a hearing with the Business, Energy and Industrial Strategy Committee in January.

Kwasi Kwarteng, Business Secretary, said: “These appointments, drawing together directors with a wide range of experience, put the FRC in a strong position, and I look forward to working with Sir Jan and his team as we bolster the quality of audit and governance across UK plc.”

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