Dearing Report: the author replies

Article Abstract:

The main proposals of the Dearing Report on accounting standards and the creation of a Financial Reporting Council (FRC) have been accepted by the Consultative Committee of Accountancy Bodies and the UK Department of Trade and Industry. Sir Ron Dearing, author of the report, believes that there should be a wide base of funding to ensure the independence of the FRC and the commitment of the financial community. Dearing feels that government should not have sole authority for appointing members of the FRC. Dearing believes that the government does not exist to serve the accounting profession or the financial community and represents interests distinct from those of accountants. Dearing recommends that members should be nominated by accountancy and other interested groups.

Reports, Accounting, Dearing, Ron

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Stanley Grinstead: a man who prefers to make things happen

Article Abstract:

Grand Metropolitan, the British conglomerate that markets dog food, exercise equipment, yogurt, eye care products, wines, beer, milk, casinos and restaurants (for 5.5 billion pounds sterling in earnings for 1985), is run by Stanley Grinstead, a chief executive officer with a background in accounting. The operations of the company and the operating policies of its corporate officers are discussed. Grand Metropolitan's long-range goals emphasize greater involvement in U.S. markets. Currently, the company's earnings are 40 percent British, 19 percent North American and 41 percent international.

Conglomerate corporations, Grinstead, Stanley, Grand Metropolitan PLC

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Product strength: the essential feature

Article Abstract:

Halma PLC's earnings per share have increased steadily at nearly 30% per annum since 1972. Halma PLC managing director David Barber helps to oversee a variety of companies owned by Halma in the areas of safety, environmental control, technology, security, and machinery. He believes success has come because of a defined direction. The focus at Halma is to give money to help support and encourage entrepreneurs to run their own businesses without bothering them with strict business meetings or corporate demands.

Manufacturing industry, Manufacturing industries, Halma PLC, company profile, Barber, David

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