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Daily Insurance Industry News
Sunday 21st of January 2018
May 20, 2009

ABI head moves to Financial Reporting Council

by Gill Montia

Story link: ABI head moves to Financial Reporting Council

Stephen Haddrill, currently director general of the Association of British Insurers, is to become chief executive of the Financial Reporting Council (FRC), where he will be replacing Paul Boyle.

Mr Haddrill will take up his new post in mid-November, when he will also be appointed as a member of the FRC Board.

Commenting on the appointment, FRC chair, Sir Christopher Hogg, said: “Stephen has demonstrated his commitment to promoting high standards of corporate reporting and governance in senior roles in Whitehall and as a regulator. His experience as director general of the Association of British Insurers will also enable him to bring a strong investor perspective to the work of the FRC.”

Mr Haddrill has welcomed the opportunity to join the Council, embracing the challenge of helping the body find solutions to the questions raised about the future of accounting and governance by the financial crisis.

The FRC is the UK’s independent regulator responsible for promoting confidence in corporate governance and reporting.

It sets standards for corporate reporting and actuarial practice and monitors and enforces accounting and auditing standards.

 

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