It had to happen, I suppose.
The accountancy profession has finally decided to get on board the Royalty Express. From the Accounting Education web site comes the following:
HRH the Prince of Wales has accepted an invitation to become the first honorary member of the Institute of Chartered Accountants in England & Wales (ICAEW).
The Prince of Wales was nominated in recognition of his commitment to the sustainability agenda and, in particular, his involvement of the accountancy profession through the Accounting for Sustainability project. The honour is also in recognition of the assistance that the Prince of Wales has given to young people and to business generally by the promotion of business start-ups, personal development and community projects through the Prince's Trust and other initiatives.
In making the announcement at the Institute's Annual Lunch, ICAEW President Richard Dyson said: "At our annual dinner in 2005, the Prince of Wales challenged the accountancy profession to play its part in the sustainability agenda. He recognised that we could have a great deal to offer and I believe the ICAEW has risen to that challenge through its work on sustainability and measurement. I'm delighted that he has accepted honorary membership. It is our way of thanking him not just for the leadership he has given on this issue but also for the contribution he has made to business over many years."
The category of honorary membership of the ICAEW was approved in June 2006 at the institute's annual general meeting to recognise those who have made an outstanding contribution to the accountancy profession and/or the finance and business world. Any member can suggest individuals for the accolade. All suggestions received are considered by the institute's nominations committee before a formal proposal is made to Council who make the final decision.
The Prince of Wales was nominated in recognition of his commitment to the sustainability agenda and, in particular, his involvement of the accountancy profession through the Accounting for Sustainability project. The honour is also in recognition of the assistance that the Prince of Wales has given to young people and to business generally by the promotion of business start-ups, personal development and community projects through the Prince's Trust and other initiatives.
In making the announcement at the Institute's Annual Lunch, ICAEW President Richard Dyson said: "At our annual dinner in 2005, the Prince of Wales challenged the accountancy profession to play its part in the sustainability agenda. He recognised that we could have a great deal to offer and I believe the ICAEW has risen to that challenge through its work on sustainability and measurement. I'm delighted that he has accepted honorary membership. It is our way of thanking him not just for the leadership he has given on this issue but also for the contribution he has made to business over many years."
The category of honorary membership of the ICAEW was approved in June 2006 at the institute's annual general meeting to recognise those who have made an outstanding contribution to the accountancy profession and/or the finance and business world. Any member can suggest individuals for the accolade. All suggestions received are considered by the institute's nominations committee before a formal proposal is made to Council who make the final decision.
It's taken the Institue something like 100 years to think of a way to get a Royal involved so that they can cringe and fawn all over it.
Duncan Williamson
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