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Annual Report 2010

Incoming Chairman's Report by David Tracey

On behalf of all my colleagues in the IPC, I would like to start by thanking our retiring Chairman, Geoffrey Fitchew, for his leadership over the last six years and his dedication to ensuring that ethical and professional standards of the Insolvency profession have been maintained and improved. He can rightly be proud of the recommendations listed elsewhere in this report that have been implemented during his tenure.

I have been asked and am delighted to have accepted chairmanship of the IPC at a time of great change in the profession and its governance regime. My involvement with Insolvency Practitioners stems from 30 years in Corporate Banking, the last 20 at senior executive/director level. Since retiring in 2003 I have held a number of non-executive appointments at chairman and director level and I became a lay member of the IPC in 2006. I have, since then, regularly attended IPC Board Meetings, and also met with other interested parties such as the OFT, CAB, R3, MALG etc. to discuss developments in insolvency practices. It is my firm intention to continue to fulfil the IPC’s mandate throughout this period of regulatory change.

David Tracy

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