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CIMA loses ground in FTSE100 FD ranking

I was pleased to see that in these troubled times the number of FTSE100 FDs who hold an accountancy qualification is now higher than it was a decade ago - according to a new survey in next month's Financial Director.
The ICAEW has strengthened its grip, accounting for 55 or the 80 FDs with an accountancy qualification, compared with 51 of 79 in 1998.
Much, much more interesting was the significant change in the number of CIMAs in the boardrooms of this elite group of companies. There were 15 in 1998 and after a decade of expansion in membership and growth in influence, surely that was a number that would have climbed since?
Not a bit of it. Today, there are only eight.
Some, like Tesco's Andy Higginson, have moved into very senior operational roles. But that alone doesn't explain such a sharp and unexpected deline.

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