Incoming FRC Chair sits on board of construction group facing criminal probe
Dame Jayne-Anne Gadhia, who has already faced committee criticism over her heavy workload whilst seeking approval to chair the Financial Reporting Council (FRC), also sits on the board of a company which is currently under criminal investigation, City AM can reveal. The government named Gadhia last month as the next chair of the accounting watchdog, [...]
Dame Jayne-Anne Gadhia, the incoming chair of the Financial Reporting Council (FRC), is also on the board of a construction group, Innovo Group, which is currently under criminal investigation in the UAE. Gadhia was appointed to the FRC in September, following Sir Jan du Plessis' retirement, after being criticized by a parliamentary committee for her heavy workload.
The committee deemed her competent and qualified to chair the FRC, although they did not give an outright recommendation. Gadhia's appointment to the board of Innovo Group was disclosed when she joined the company as a non-executive director. Innovo Group is in a long-standing dispute with the Emirati construction firm ASGC Group, with multiple criminal proceedings ongoing in the UAE. As of now, Gadhia is not subject to any legal proceedings.
Written by urgent.news from City AM's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
