ICAS Business Policy Panel

Business Policy

About the Business Policy Panel

Nearly 2/3 of our working members work in business.  Our Business Policy Panel consists of senior members who either work in, audit or advise, business, ranging from large to small.

Business Policy Panel remit

To represent both member views and the public interest on business policy issues by developing thought leadership/guidance and making representations to stakeholders.

Policy positions

Our business policy positions are set out below, with overarching ICAS Policy Themes and Positions shown in brackets:

  • Building trust in business.
  • Easier access to funding for SMEs and support for a private sector led recovery (promoting enterprise).
  • Create a positive environment for business and enterprise through better regulation and clear principles (better regulation, principles not rules).
  • Promotion of sound corporate governance (sound governance).

Please contact us

If you would like to find out more please email us at: accountingandauditing@icas.com.

Useful links

Panel Members

Paul Hally (Chair)

Paul HallyPaul is Chairman of Shepherd and Wedderburn LLP and is a corporate and restructuring partner. He works primarily in the Energy and Financial sectors and has a wide range of corporate finance, corporate governance, banking and insolvency experience. He is a licensed Insolvency Practitioner with over 29 years' experience. Paul also acts as an expert company reporter to the Court of Session in Edinburgh on significant corporate transactions. He is a founder member of and active in S+W’s international network, the World Services Group.

Alan Dunsmore

Alan DunsmoreAlan is the Chief Executive of Severfield plc, a UK steel construction business, listed on the London Stock Exchange. He was previously the Finance Director and has worked for Severfield since 2010.

Prior to that, Alan was at Smiths Group plc where he held various roles in the UK and Japan over 15 years, with his final role being as Finance Director of Smiths Detection, one of 5 divisions of the group. Alan qualified with Coopers & Lybrand in Glasgow in 1992.

Alan Ferguson

Alan FergusonCurrently, Alan is a Non-Executive Director of Johnson Matthey PLC (since January 2011) and of Croda International Plc (since July 2011). He also joined the board of Marshall Motors Holdings plc as a Non-Executive Director prior to its admission to AIM in April 2015. He chairs the Audit Committees and is the Senior Independent Director at each of these companies.

Past experience includes extensive international financial management and board experience gained in a broad range of industries. Alan was Chief Financial Officer and a Director of Lonmin Plc until December 2010. Prior to that, he was Group Finance Director of The BOC Group until it was acquired by the Linde Group in 2006. Before then he spent 22 years in a variety of roles at Inchcape plc, including 6 years as Group Finance Director from 1999. He also served on the Board of The Weir Group PLC as a Non-Executive Director and Chair of the Audit Committee from December 2010 until April 2018.

Alex Smith

Alex is the Group Financial Controller and Head of Risk & Insurance of Forth Ports Limited. Forth Ports is one of the UK’s largest port groups with 8 ports on the Forth, Tay and Thames Estuaries.

Prior to joining Forth Ports in 2013, Alex worked at PricewaterhouseCoopers for over 16 years where she performed a number of roles across assurance and transaction services focusing on listed and large private corporates across a range of industries. Whilst with PwC, she was seconded to the Scottish Government where she helped the Energy Directorate establish the Renewable Energy Investment Fund working closely with Scottish Enterprise and Highlands & Islands Enterprise.

Alex is also a Non-Executive Director and Trustee with two local Edinburgh based charities, The Rock Trust and Projekt 42, where she is on both Audit and Remuneration Committees.

Colin Gibson

Colin GibsonColin is a senior audit partner based in Glasgow. He led the Deloitte Audit practice in Scotland & Northern Ireland (2008-14), having previously headed the Risk & Internal Audit business from 2003 to 2008. Colin is also one of Deloitte’s national risk partners for audit and corporate finance and is the second partner on a number of public interest clients.

He has over 25 years of experience, covering a wide range of clients and industries, ranging from support services and consumer-related business to construction and food and drink. These clients have significant global operations in the US, Europe, Middle East and APAC, and he has worked with his clients on public market transactions across multiple jurisdictions.

Nick Lander

Nick Lander Nick co-founded Volvere plc (AIM: VLE) in 2002 to invest in turnaround opportunities. Volvere typically acquires controlling equity stakes in distressed businesses, works closely with management to improve performance and ultimately achieve an exit. He is responsible for operating activities of group companies (typically as Chairman or NED), group financial management, control and reporting, regulatory compliance, and for assisting with the identification of targets and due diligence. He joined the ICAS Council in 2018.

Previous experience includes COO of DDL Limited (an FSA regulated private equity fund), Non-executive Director of Directex Realisations plc (AIM: DXR), an AIM-listed shell with a number of legacy issues following a period of asset disposals and Corporate Development Director, Clyde Blowers PLC. He qualified with PwC in 1990.

Grant Lockhart-White

Grant Lockhart WhiteFor the last twenty years Grant has been a Group Finance Director specialising in large Fresh produce businesses since leaving E&Y (London). These have included AH Worth, Anglia Farmers, Total Produce, G’s and Emmett.

He qualified with Henderson & Loggie before moving to London with E&Y. He is also a past Honorary Treasurer of The St Andrew’s Golf Club and holds several voluntary positions including vice chairman of his local Parish Council.

David F Miller

David MillerDavid is retired and was previously an Audit Partner at Grant Thornton UK LLP, London. He specialised in Listed and AIM listed companies and large international groups in technology and other sectors. He has significant experience in IFRS, UK GAAP and corporate governance matters.

He was previously an Audit Partner in KPMG’s Information, Communication and Entertainment Practice. He is also a past Chairman of Scottish Chartered Accountants’ Benevolent Association.

Todd Nugent

Todd NugentTodd has been an executive director of the independent merchant bank Noble Grossart since 2000. His work involves corporate advisory roles in a range of assignments including fundraising for public and large private companies, acquisitions and disposals, and management and employee buyouts.

Todd has been with Noble Grossart for over 20 years having previously worked for Morgan Grenfell and KPMG, where he qualified as a CA with ICAS in 1991.

Ross Paterson

Ross PatersonRoss is the Group Finance Director of Stagecoach Group plc. Stagecoach is a FTSE 250 company and a leading public transport operator with operations in the UK, the United States and Canada. Prior to becoming Group Finance Director in May 2013, Ross was Stagecoach's Director of Finance and Company Secretary from 2007.

He joined Stagecoach in 1999 and has since held various senior finance and company secretarial roles. Prior to joining Stagecoach, Ross worked at Arthur Andersen from 1993. In connection with his role at Stagecoach, Ross has been a director of Virgin Rail Group since 2002, and he chairs its Audit Committee.

Ross is also a Non-Executive Director and chairs the Audit Committee of The Unite Group plc. Unite, a FTSE 250 company, is the largest manager and developer of purpose-built student accommodation in the UK.

Alice Telfer (Secretary)

Alice Telfer
Alice is Head of Business Policy and Public Sector at ICAS.


  • Business issues
  • Committees and boards
  • Private sector

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