Smith elected as Coopers chairman
Wednesday 24 November 1993
The election, conducted by the Electoral Reform Society, was on the basis of a single transferable vote on four candidates, each of whom sent a manifesto to the 700 partners and campaigned in a fiercely fought battle that has dominated the life of the firm for much of the year.
Although partners in British accounting firms have voted before on the choice of a new chairman or senior partner, a single nominee is typically selected in advance by an inner circle. Mr Smith, head of the London office, beat Richard Stone, Adrian Lamb and Alan McFetrich. The candidates were whittled down from a list of 80 by a 35-strong nomination committee.
Mr Stone, head of corporate finance and a strong candidate, was widely seen to have been handicapped by the repercussions of his acceptance of the job of administrator of Polly Peck. He was fined pounds 1,000 and reprimanded by the Institute of Chartered Accountants late last year for a breach of ethical guidelines in accepting appointment as administrator to Polly Peck International when Coopers had undertaken other work for the company and its chairman, Asil Nadir.
Mr Smith said the election had produced an 'excellent debate within the firm, an opportunity for all the partners to identify the issues the firm faces'.
- 1 Autistic adults could take pure MDMA to 'reduce social anxiety'
- 2 Stolen Instagram photo sells for $90,000
- 3 Before you complain about your GP, this is what you need to know about actually doing the job
- 4 Charlie Charlie Challenge explained: not a Mexican demon being summoned — it's gravity
- 5 Paracetamol Challenge: Mother of girl killed by overdose pleads with teenagers not to take part
Iran launches anti-Isis cartoon competition 'to expose true nature of Islamic State'
'Don't blame all men for rape' campaign backfires spectacularly
Fifa corruption arrests: How Chuck Blazer rinsed money from the beautiful game
Fifa corruption live: Uefa to consider pulling teams from Fifa tournaments if Blatter stays
Ukip MP Douglas Carswell says he felt his safety was 'seriously at risk' after he was surrounded by anti-austerity protesters
EU referendum: David Cameron's rules are a 'democratic disgrace', says French-born Scottish politician set to be denied a vote
The day that Britain resigned as a global power
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
Australian man punched in the face for defending Muslim women from abuse on train
A nation of inequality: How the UK is failing to feed its most vulnerable people
David Starkey 'tells Amal Clooney to shut up and stop over-promoting human rights'
iJobs Money & Business
£30 - 35k: Guru Careers: We are seeking a Pricing Analyst to join a leading e-...
£20000 - £25000 per annum + OTE £45K YR1: SThree: At SThree, we like to be dif...
£20000 - £25000 per annum + competitive: SThree: Did you know? SThree is a mul...
£55 - 65k (DOE): Guru Careers: A unique opportunity for a permanent C# Develop...