It is reported that Graham Durgan will not stand for Presidency of the ICAEW next week.
This has yet to be confirmed by the ICAEW.
Had the ICAEW followed an open tendering process for the training contracts for the Chinese and Russian contracts, much of this fuss would have been avoided and Durgan might still have been able to stand for President.
The ICAEW needs to practice what it preaches when it comes to best business practice.
Assuming that Durgan is stepping aside, he has saved the ICAEW a large amount of embarassment; I wonder if others will follow his example?