Ernst And Young Recruits Non Executive Directors

Accountancy firm Ernst and Young has appointed three non-executive directors, the first recruitment move of its kind in the company’s history, according to the Financial Times.

The newspaper reports that the Big Four firm has taken on three senior industry figures who will sit alongside partners on its global advisory boards.

They are Mark Olson, a former chairman of the US Public Company AccountingOversight Board; Sir Richard Lambert, former director general of the Confederation of British Industry; and Klaus Mangold, a former executive at DaimlerChrysler.

Ernst and Young first announced in July last year that it would make non-executive appointments in order to comply with the UK’s Audit Firm Governance Code.

The announcement follows similar recent moves by rivals PwC, KPMG, BDO and Grant Thornton.