ICAEW Regulatory Board appoints new chair
The ICAEW Regulatory Board (IRB) has announced the appointment of Philip Nicol-Gent as its new chair.
Philip will begin his role with immediate effect following the resignation of Jenny Watson CBE, who has stepped down for unforeseen personal reasons after just two months in post.
The appointment of Philip was approved by the Regulatory and Conduct Appointments Committee.
Philip has been a member of the IRB since 2016 and vice-chair since 2017 so has a clear understanding of the role and the effective functioning of the Board. He is also a highly experienced lawyer having been called to the Bar of England and Wales in 1991 and the Guernsey Bar in 2003.
Philip Nicol-Gent, incoming chair of the IRB, said: “I am looking forward to my time as Chair of the IRB. The public interest has been at the heart of the Board’s deliberations. As changes across the accountancy sector unfold over the coming months, we will make sure the IRB plays a central role and ensures that the public interest is reflected in that work.”
Jenny Watson CBE, outgoing chair of the IRB, said: “I’m sorry to have had to stand aside from this role but delighted to hear that the Regulatory and Conduct Appointments Committee has asked Philip to succeed me. I know he will do an excellent job and I send him and the IRB my good wishes for the future.”
The ICAEW Regulatory Board (IRB) is an independent board responsible for oversight of the regulatory and disciplinary work undertaken by ICAEW’s Professional Standards Department, to ensure it is carried out in the public interest.
The board, which has parity of lay and chartered accountant members, was established in 2015 to enhance the distinction between ICAEW’s representative and regulatory roles following an independent review of its regulatory governance in 2014.