City veteran Jan du Plessis nominated to lead UK accounting regulator

City veteran Jan du Plessis has been nominated by the government as the new chair of the UK accounting watchdog, whose board has been without a permanent leader for more than 18 months. The appointment, which would be for four years, is subject to Du Plessis winning approval from MPs on the House of Commons business select committee next year. The proposed four-year term means Du Plessis - a dual citizen of the UK and South Africa - would likely become the first chair of Arga, which could be created by 2023 if legislation is passed next year. "With direct experience leading some of the UK's most prominent companies, Jan is perfectly placed to ensure strong oversight of UK plc," said business secretary Kwasi Kwarteng. As non-executive chair, du Plessis would work alongside the FRC's chief executive, Sir Jon Thompson, who has been at the helm since October 2019..

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