Norman Murray CA takes forward The Power of One

Norman Murray CA
By Michael McGlinchey, CA Today

10 December 2015

Distinguished boardroom leader Norman Murray CA will spearhead the drive on business ethics through The Power of One.

Norman Murray CA will chair the new ICAS Ethics Board, which will take forward The Power of One initiative announced by CEO Anton Colella at the New ICAS conference on 27 November.

Norman is chair of independent international spirits company The Edrington Group, which includes The Macallan, Highland Park and The Famous Grouse brands. He is also chair of Scotland’s internationally-renowned dance company Scottish Ballet.

The Power of One calls on CAs to make ethical leadership their number one priority, to restore public trust in business. It includes a programme to support the 21,000 members of  ICAS in ethical leadership, wherever they are placed in their organisations.

Anton said: “Norman Murray is one of our most respected business professionals and we are very fortunate to have him join us in this great initiative.

“Norman, who is a great leader with impeccable judgement and a formidable track record, will chair the new ICAS Ethics Board, which will report directly to ICAS Council.

An important aspect of The Power of One is the need for individuals to have the confidence and the moral courage to deal with ethical issues.

“We are establishing this to drive ethical leadership in business. We know our members can lead the way on ethics and this new Board will provide the strategic direction to ensure that The Power of One makes a positive impact on business across the globe.”

Norman told CA Today: “An important aspect of The Power of One is the need for individuals to have the confidence and the moral courage to deal with ethical issues. Alongside this, companies must encourage a culture of doing the right thing when dealing with those issues.

“We are encouraging our membership, many of whom hold key positions in global businesses, to play a leading role in influencing business culture and ensuring the right climate exists for principled, ethical decision making.”

Norman’s many previous business leadership roles include his positions as chair of FTSE 100 global companies Cairn energy plc and Petrofac Limited, and chair of the British Venture Capital Association.

ICAS Code of Ethics

A former ICAS President, Norman was also chair of the working group that formulated the Audit Firm Governance Code for large accounting firms, which was published by the Financial Reporting Council and ICAEW in 2010.

Anton said The Power of One builds on the Code of Ethics, which all ICAS members sign up to, and the ethical leadership provided by other global bodies including the International Federation of Accountants (IFAC).

He added: “I would like to express our gratitude to ICAS Ethics Committee Chair Ian Paterson Brown CA and the other members of the committee for the tremendous work they have done in laying the foundations for The Power of One.

“This work can now be taken forward by the Ethics Board as ICAS takes a strong leadership role in the further advancement and application of business ethics.”

Norman Murray CA picture - courtesy of The Edrington Group.

Notes to Editors

Contact: Michael McGlinchey, ICAS Head of Editorial

Office: +44 131 347 0126/ +44 7790 583 409


About The Power of One

The Power of One initiative was launched by ICAS CEO Anton Colella at the Institute’s annual conference on 27 November. It places a renewed emphasis on personal ethical responsibility and recognises the power of every single Chartered Accountant – ‘The Power of One’ – to influence those around them. ICAS is taking a strong leadership role in the advancement and application of ethics and has established a programme to take this forward.

About ICAS

ICAS is a leading professional body for 21,000 world class business men and women who work in the UK and in more than 100 countries around the world. Almost two thirds of our working membership are in business; many leading some of the UK’s and the world’s great companies. The others work in accountancy practices ranging from the Big Four in the City to the small practitioner in rural areas of the country.


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