Appendix 3: CV for Mr Graham Ward
Graham N C Ward CBE MAFCA FEI CIGEM FRSA
Graham Ward is a former World Utilities Leader of
the PricewaterhouseCoopers (PwC) network of firms, a former President
of the Institute of Chartered Accountants in England and Wales
(lCAEW) and a former President of the International Federation
of Accountants (lFAC). He retired from the PwC partnership on
31 January 2010.
PERSONAL QUALITIES AND EXPERIENCE
Successful leader
PricewaterhouseCoopers is the leading global network
of professional services firms with approximately 8,500 partners,
employing over 160,000 people and with annual revenues in excess
of US$26 billion. As European, then Global leader of the multi-disciplinary
utilities practice, from 1991 to 2000, Graham led its growth into
a multi-disciplinary team serving clients in more than 100 countries
with revenues increasing from US$ 50 million to US$700 million.
Career Summary
2007-2010: Partner, Assurance National
- Lead negotiator on behalf of the UK in liberalising
Indo-UK trade in accountancy
- Achieved liberalisation of accountancy training
in India, two Memoranda of Understanding between UK Institutes
and Indian Institutes including mutual recognition of qualifications
- Auditor of the Duchy of Cornwall (personal appointment)
- Global Relationship Partner for advisory work
on a client in the transport sector and audit and advisory work
for a client in the water sector.
2004-2006: President, International Federation
of Accountants (lFAC)
- Led this organisation with more than 150 Member
Institutes in more than 120 countries, representing more than
2,500,000 professional accountants.
- Implemented a reorganisation of IFAC's governance
arrangements, including the establishment of the international
Public Interest Oversight Board, thereby obtaining the confidence
of the European Commission, the Financial Stability Forum and
international regulatory bodies in the governance and effectiveness
of IFAC's standard setting boards and the quality of their standards
- Led the promotion of accountancy in developing
nations, strengthened support for professional accountants in
business and for SMEs.
2001-2004: Partner, Assurance National
- Vice Chairman: UK Auditing Practices Board, jointly
leading the development of Ethical Standards for Auditing in the
UK and adoption of International Standards on Auditing in the
UK.
- Led two trade bodies in the energy sector, bringing
together disparate interests to promote exports and to formulate
an effective energy policy.
- Member of DTI Working Group on Practical Guidance
for Directors in respect of the OFR
2000-2001: President, Institute of Chartered Accountants
in England and Wales
- Led the premier institute of professional accountants
in the UK
- Led the implementation and acceptance by Government
of a new regulatory system for the accountancy profession in the
UK
- Represented the UK profession to the US Securities
Exchange Commission on professional independence, with a successful
outcome
- Represented the UK profession to the European
Commission to achieve their acceptance of International Accounting
Standards
1994-2000: World Utilities Leader
- Grew this multi-disciplinary practice to an annual
turnover of US$700 million and a reach of more than 100 countries,
working as an integrated team
- Member of the World Firm General Council
- Served a major client in the insurance sector
1990-1994: Partner Utilities, Corporate Finance
and Marketing
- Head of the multi-disciplinary electricity sector
practice in Europe
- Head of Corporate Finance for Scandinavia
- Served two major clients in the insurance sector
- Chaired the Working Party (joint Accountants
and Actuaries) which developed the achieved profits method of
accounting for life assurance
1987-1990: Partner, Privatisation Services
- Directed the Price Waterhouse team advising the
Electricity Council, then the twelve Regional Electricity Companies
on their privatisation
- Served a major client in the insurance sector
- Chairman of the London Society of Chartered Accountants
1986: Partner
- Admitted to the Partnership
- Founded the PW Pensions Advisory Service and
recruited the first Actuary into the Practice
- Served a major client in the insurance sector
1974-1985: Various roles in Price Waterhouse UK
- Served two major clients in the insurance sector
and a variety of other clients
- Seconded to HM Treasury for eight months, working
on accounting and economics of infrastructure industries and supervision
of the electricity supply industry
- Co-chaired a joint accounting/actuarial task
force on insurance accounting
- Co-chaired a joint accounting/actuarial task
force on pension cost accounting
- Member of Council of the Society of Pension Consultants
- Committee Member of the Pensions Research Accountants
Group
- Qualified as a Chartered Accountant in 1977,
taking second place in the final examination.
Experienced in India-UK Trade Policy
- Responsible for client and business relationships
between UK and India 1995-2010
- Board Member of the UK-India Business Council
2005- (Vice Chairman 2008-, Chairman of Audit Committee 2008-)
- UK Co-Chairman of Indo-UK Joint Economic and
Trade Committee (JETCO) Task Force on Accountancy 2005-2010
- Member of IFSL South Asia Advisory Group 2006-2010
Respected In the Energy and Business Communities
- Honorary Life Member of The 100 Group of Finance
Directors, 2000-
- Vice Chair of the World Energy Council and Chair
of its Finance Committee, 2008-
- Chairman of the British Energy Association, 2001-2004
- Chairman of the Power Sector Advisory Group of
UK Trade and Investment 2001-2004
- Member of the Executive Council of the Parliamentary
Group for Energy Studies, 1998-
- Member of the Financial Services Sector Advisory
Board of UK Trade and Investment, 2006-2009
- Member of the Advisory Panel to the Review of
the Regulatory Framework for Legal Services in England and Wales,
carried out by Sir David Clementi, 2003-2004
Presentation and Advisory Skills
- Frequent speaker at business conferences on economic,
commercial and professional issues.
- Has given 2000+ speeches in 50+ countries to
audiences of up to 5000 people.
- Experienced interviewee on television and radio
and in the written media.
- Respected chairman of public and private meetings,
deriving from the positions of responsibility he has held.
Accomplished Professional
- President, The Institute of Chartered Accountants
in England and Wales, 2000-2001
- President, The International Federation of Accountants,
2004-2006
- Member, The Financial Reporting Council (Deputy
Chairman 2000-2001), 2000-2007
- Member, The Auditing Practices Board (Vice Chairman
2003-2004), 2001-2004
- Chairman, The Consultative Committee of Accountancy
Bodies, 2000-2001
- Member, Panel on Takeovers and Mergers, 2000-2001
Publications
Many articles over a period of 30 years in the business
and professional press, both in the UK and overseas.
1987 - The Work of a Pension Scheme Actuary (co-author)
1988 - Pensions: Your Way through the Maze (co-author)
1998 - The Benefits and Deficiencies of Energy Sector
Liberalisation (Published by the World Energy Council, Vice Chairman
of Study Group)
2004 - A Practitioner's Guide to Audit Regulation
in the UK (Consultant Editor)
2009 - The Handbook of International Corporate Governance
(Contributor)
CHARITABLE AND COMMUNITY INTERESTS
Worshipful Company of Chartered Accountants in England
and Wales: Master, 2009 - 2010
Dulwich College: Governor, 2008-
Member of Finance Committee, 2008- (due to Chair from 2011)
Goodenough College: Governor 2000-2001; 2004-
Member of Audit Committee 2009 (Chairman 2010-)
St Paul's Cathedral: Financial Adviser,
2008-
Epilepsy Research UK: Vice President, 1997-
Chartered Accountants Chairman, 1996-2002
in the Community:
Charities Online Chairman of the Judges,
2003-
Financial Reporting Awards:
South East London Member of Council, 1993-1994
Common Purpose:
EDUCATION
- Dulwich College
- MA, Chemistry, Jesus College, Oxford (Captain
of Oxford University Amateur Boxing Club)
- Fellow of the Institute of Chartered Accountants
in England and Wales - Second place in the final examination
- Fellow of the Energy Institute (by experience)
- Companion of the Institution of Gas Engineers
and Managers (by experience)
- FRSA
HONOUR
Appointed CBE in the 2004 Birthday Honours for services
to exports
INTERESTS
Boxing, Rugby, Opera and Ballet
DATE OF BIRTH
9 May 1952
MARRIED
To Ann - three sons Peter (32) Andrew (30) and Alexander
(14)
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