QED Lunch Debate - Audit Policy

The way forward after the crisis


Olivier Boutellis-Taft

Chief Executive, FEE

Mr Boutellis-Taft has been the CEO of FEE since October 2006. FEE (Fédération des Experts-comptables Européens – Federation of European Accountants) represents 45 institutes of professional accountants and auditors from 33 European countries, including all of the 27 EU Member States. FEE has a combined membership of more than 700.000 professional accountants, working in different capacities in public practice, small and big accountancy firms, businesses of all sizes, government and education, who all contribute to a more efficient, transparent and sustainable European economy.

Prior to this, Mr Boutellis-Taft benefited from a diversified professional experience, having been a Director with PricewaterhouseCoopers, a public prosecutor and a consultant advising in particular the financial services and media industries. He also served several boards as non-executive director.

Mr Boutellis-Taft chaired the e-business forum of the European Policy Centre and was appointed to the governing board of this leading Brussels think-tank. A lawyer and economist by training, Mr Boutellis-Taft started his professional career in equestrian sports (jumping).


Pervenche Berès

Member of the European Parliament

Pervenche Berès has been a Member of the European Parliament since 1994. In the new Parliament elected in 2009, she is the Chairwoman of the Employment and Social Affairs Committee and a substitute member in the Economic and Monetary Affairs Committee. She has been appointed rapporteur of the temporary committee on the financial, economic and social crisis.

Previously, Ms Berès was Chairwoman of the Economic and Monetary affairs Committee (2004-2009), head of the French socialist delegation and vice-President of the Socialist group in the European Parliament (June 1997-June 2004). From December 1999 to October 2000, she was the Vice-president of the European Parliament delegation to the Convention in charge of elaborating a European Union Charter of fundamental rights. She was also a member of the European Convention in charge of drafting a Constitution for Europe from February 2002 to July 2003.

Hans Berggren

Head of Division, Swedish Shareholders’ Association

Mr Berggren was born in 1949 and graduated from the University of Stockholm, Faculty of Law in 1975, Master of Law (LL.M). He has also studied political science at the University of Grenoble, Faculty of Art. After having served at Södra Roslags District Court, Svea Court of Appeal and a law firm in Stockholm, was was employed in 1981 at SEB Bank in Stockholm (Vice President).

In 1988 Mr Berggren was appointed General Counsel of NASDAQ OMX Stockholm AB (OM Gruppen AB), where he served until 2009. Since then he runs his own consultancy business and is among other things engaged in the Swedish Shareholders’ Association. Hans Berggren has served on various Boards of Directors, primarily within the financial sector. He has also published articles within securities and corporate law.

Sebastian Valentin Bodu

Member of the European Parliament

Mr Bodu is carrying out his second term as an MEP, working in different committees and delegations. Since July 2009 he has been Vice-chair of the Legal Affairs Committee.

In this committee Mr Bodu acted as rapporteur or shadow rapporteur on dossiers such as: investor compensation schemes; the supplementary supervision of financial entities in a financial conglomerate; Cross-border crisis management in the banking sector; Proposal for a Regulation of the European Parliament and the Council on OTC derivatives; Report on short selling and certain aspects of credit default swaps; Audit initiative report and the legislative report; Corporate governance initiative report and Credit Rating Agencies legislative report.

The experience he has gained in governmental structures and the private sector represents an important asset in his activity, as a specialist in financial and commercial law. Within the Romanian Government he served as Secretary of State - Head of the National Agency for Fiscal Administration. With regard to the private sector, Mr Bodu' s last position was General Counsellor with ING Romania.

Mr Bodu’s education includes a PhD in Commercial Law at Bucharest Academy of Economic Studies and an MBA at Washington University in Seattle and his academic career focused on the same fields.

Susannah Haan

Secretary General, EuropeanIssuers

Ms Haan is the Secretary General of EuropeanIssuers, a Brussels-based association which represents the interests of publicly traded companies in Europe.

EuropeanIssuers’ aim is to serve the interests of its members by ensuring that their views as users of capital markets are heard in the debates on company law, corporate governance and capital market regulation. Members of EuropeanIssuers include both national associations and quoted companies from all sectors across 14 European countries.

Before her appointment to EuropeanIssuers in May 2010, Ms Haan was an adviser on the post financial crisis to the Financial Reporting Council, the UK regulator for corporate reporting and governance, working with the Walker Review of the corporate governance of financial institutions and leading the FRC consultation on the UK Stewardship Code for institutional investors. Before joining the FRC, Ms Haan has also been employed at Fidelity International, a major international asset management firm from 2006-2009, the CBI (Confederation of British Industry) from 2001-2006 and Clifford Chance, a leading City law firm, from 1997-2000. 

Ms Haan qualified as a solicitor in England and Wales in 1999 and has a degree in German and Russian from the University of Durham in the UK.

Arvind Wadhera

Acting Head of Unit F4 – Audit, DG MARKT, European Commission

Mr Wadhera is Acting Head of unit F4 - Audit at the European Commission’s Directorate General for Internal Market and Services (DG MARKT). From 2005 until 2010, he served as the Deputy Head of Unit, Banking and Financial Conglomerates, DG MARKT and was the sole representative of DG MARKT in the Crisis Co-ordination cell, where he worked directly on 150 bailouts of banks.

In 2000, Mr Wadhera began work as the Director of Corporate Finance at BNP Paribas in Paris and prior to that, was Associate Director of Group Strategy and Development at Umicore in Brussels. He began his career in London at WH Payne and Pricewaterhouse and in 1988, qualified as a Fellow Member of the Institute of Chartered Accountants in England and Wales.