ICAB elects new president
THE INSTITUTE OF Chartered Accountants (ICAB) has announced that Andrew Brathwaite has been elected as its new president for 2017-2018.
At the 43rd Annual General Meeting held on May 25, 2017 at the Hilton Barbados Resort, members elected a new council which will be led by Brathwaite.
Brathwaite, who is an audit partner at KPMG, is a practising member of ICAB, and is also a member of the Institute of Chartered Accountants of Nova Scotia.
He has previously served as president, vice president, and treasurer of ICAB, and is the current chairman of ICAB’s Legislation and By-Law Review Committee.
In outlining his priorities for the coming year Brathwaite stated: “Chartered accountants, led by ICAB, will have to play a key role in helping to drive the cultural change that will be needed across the public and private sectors to help Barbados increase the ease of doing business in the country.”
He further noted that ICAB had for a while identified poor business facilitation as a significant constraint to economic growth in Barbados, and that these challenges have been highlighted by the findings in the annual World Bank Doing Business Survey.
During his tenure as president, Brathwaite also plans to have the Institute explore additional ways in which it can support its members who are professional accountants in the public sector, and help to strengthen overall public sector governance and accountability.
In addition, he will lead ICAB in the execution of its multi-year strategic plan which covers financial sustainability, member engagement, policy advocacy, communications, regulation in the public interest, continuing professional development, corporate governance, and information management and security.
ICAB is the professional membership organisation representing approximately 930 Chartered Accountants in Barbados along with 1 015 students pursuing professional accounting qualifications.
ICAB is the regulator and standard setter for accounting and auditing in Barbados. It is a body corporate created by the Institute of Chartered Accountants of Barbados (Incorporation) Act 1974 (Cap. 369A). ICAB is committed to global best practices and to continuously enhancing the reputation of the profession and the profile of Barbados through effective leadership in key areas including regulation, advocacy, member services and active engagement in matters of national interest.
ICAB is led by a 15 member council. Its other executive officers are Lisa Padmore – vice president, Suzena Turton – treasurer, Lisa Alleyne – secretary, J. Roger Arthur – past president. Other council members are Rueben Blenman, J. Betty Brathwaite, Patrick Hinkson, Lois Jones, H. Wayne Lovell, Bruce McClean, Hanif Patel, Wendy Sealy, Diana Weekes-Marshall, and Darshani Workman. (PR)