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Press release from The Insolvency Service

Joint Insolvency Committee (JIC) Chair Announcement.

 

The Joint Insolvency Committee (JIC) has appointed Philip King as its first lay chair.  Mr King is also the Chief Executive of the Institute of Credit Management.

The three-year appointment, which started in February 2014, comes 18 months after the JIC appointed its first lay members to introduce a fresh perspective from outside the insolvency industry. The JIC brings together insolvency regulators in England and Wales to set standards for the insolvency profession.

The Chief Executive of the Insolvency Service Dr Richard Judge said: “This is good news for the industry. Philip has extensive experience in the credit industry, and as the first lay chair of JIC, will help the JIC look at things from a new angle.”

Philip King said : “I am delighted to take up this important position at a time of significant change in the insolvency world. I look forward to working with our distinguished and hard-working committee in continuing to set standards for insolvency practitioners in what can be a challenging and ever-changing business environment.

Members of JIC include:

Recognised Professional Bodies (insolvency regulators)

Association of Certified Chartered Accountants – ACCA

Institute of Chartered Accountants in England and Wales ICAEW

Institute of Chartered Accountants in Ireland – CARB (ICAI) 

Institute of Chartered Accountants in Scotland – ICAS

Insolvency Practitioners Association – IPA     

Solicitors Regulation Authority – SRA (Law Society)  

Law Society of Scotland – LSS                  

Secretary of State (as oversight regulator)

Lay members

Her Majesty’s Revenue & Customs 

Association of British Insurers             

Institute of Credit Management

 

The Insolvency Service – Press Release – 12 February 2014