ICAEW appoints new regulatory board chair

ICAEW has appointed Paul Brooks as the new chair of its regulatory board, with effect from the beginning of August for a three-year term.Brooks has previously chaired ICAEW’s Conduct Committee and has held positions on other ICAEW regulatory and disciplinary committees. He has a background in private equity investment and venture capital and has worked extensively with chartered accountants throughout his career.

ICAEW also announced that Catherine Boyd and Kaysen Pyndiah have been appointed as new IRB members. Boyd, formerly chair of the Insolvency Licensing Committee, and Pyndiah, a former member of the Practice Assurance Committee, also commenced their roles on 1 August.

The IRB is responsible for oversight of ICAEW’s regulatory and disciplinary work to “ensure that it is acting in the public interest and strengthening trust in the profession”.

The board was established in 2014 to enhance the distinction between ICAEW’s representative and regulatory roles following an independent review of its regulatory governance.

Brooks said: “I’m delighted to have been appointed chair of the IRB. Acting in the public interest is crucial to protecting the reputation of ICAEW Chartered Accountants, and with a commitment to maintaining the highest regulatory and professional standards, the IRB will be key to ensuring this happens.”

Peter Wyman, chair of the ICAEW board, added: “I congratulate Paul on his appointment and look forward to working with him and the new IRB members. Chartered accountants play a key role in strengthening trust and acting in the public interest, and I’m confident that – under Paul’s leadership – the IRB will continue to fulfil its responsibilities as an oversight regulator.”