The Board of governors (the Board) is the principal and overriding authority in Grant Thornton. The Board is a group selected from member firms worldwide and exercises governance on their behalf. The Board's responsibilities include:
- approving the global strategic direction and policies of Grant Thornton as established by the chief executive officer (CEO)
- suspending the rights of, or expelling, a member firm
- appointing and setting the remuneration of the Chair of the Board
- appointing, evaluating performance and setting the remuneration of the CEO.
The Board of Governors as at 30 September 2010
Peter Bodin, Chair, Sweden
Ed Nusbaum, CEO, Grant Thornton International
Robert Quant, Australia
Phil Noble, Canada
Jean Schnob, Canada
Jean-Luc Carpentier, France
Klaus-Günter Klein, Germany
Paul Raleigh, Ireland
*Chikahiko Honda, Japan
Hector Perez Aguilar, Mexico
Gerard Mulder, The Netherlands
*Luis Carlos Marcano, Puerto Rico
Scott Barnes, United Kingdom
Terry Back, United Kingdom
Stephen Chipman, United States of America
*Carol Banford, United States of America
*Retired from the Board 31 December 2010
Recent developments
After a thorough review of the governance structure and practices, a recommendation was made to appoint independent members to the Board.