Recruiters and headhunters are finding it increasingly hard to find audit committee chairs, according to a senior partner at Ernst & Young.
Gerald Russell, who is in charge of Ernst &Young’s non-executive programme, says one of the main problems is keeping up to date with the plethora of changes currently underway in auditing standards, accounting standards and regulation.
"It’s difficult to keep up when this is your day-to-day job, but for people on audit committees it must be extremely difficult."
Speaking to over 100 non-execs, at a seminar in London jointly hosted by exec-appointments.com and Ernst & Young, Russell said the feedback he received, particularly from headhunters, was that they were filling audit committee chair roles with some difficulty, particularly for companies with a US registration.
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