Following an open competition, Simon Dingemans has been appointed as the new Chair of the Financial Reporting Council, and will lead its transition to Audit, Reporting and Governance Authority (ARGA)
Mr Dingemans will join at a crucial time for the audit regulator. ARGA, the new enhanced regulator, will build on the UK’s status as a great place to do business and will play an important role in strengthening public trust in businesses and the regulations that govern them.
Mr Dingemans said:
I am delighted to have been given the opportunity to lead this important process to reform the FRC and establish the ARGA as a very different regulator for the future, one that will bring more challenge, transparency and forward thinking.
I also intend the ARGA to be at the forefront of driving the reforms we need to rebuild confidence in the audit market and the reporting and governance standards that underpin trust in UK businesses.
Business Secretary Greg Clark said:
I would like to congratulate Simon on his appointment. He brings a wealth of experience and expertise to the role in taking forward the transition to the new enhanced regulator, ARGA.
A strong and competitive audit market is crucial to UK business, and our package of reforms will ensure the UK continues to offer the highest standards.