Grant Thornton International

Grant Thornton UK LLP is a member firm of Grant Thornton International Ltd (Grant Thornton International).

Grant Thornton International is a not-for-profit, non-practising, international umbrella membership entity organised as a private company limited by guarantee, not having a share capital, incorporated in England and Wales and does not provide services to clients. Services are delivered independently by the member firms.

Grant Thornton International is one of the world’s leading organisations of independently owned and managed accounting and consulting firms. These firms provide assurance, tax and specialist advisory services to privately held businesses and public interest entities. More than 2,600 partners provide clients with distinctive, high quality service in over 100 countries.

Each Grant Thornton International member firm is a separate national firm. These firms are not members of one international partnership or otherwise legal partners with each other, nor does membership within Grant Thornton International thereby make any firm responsible for the services or activities of any other. Each firm governs itself and handles its administrative matters on a local basis. Although most of the member firms carry the Grant Thornton name, either exclusively or in their national practice names, there is no ownership among the firms or by Grant Thornton International.

Chief Executive Officer of Grant Thornton International Ltd

The current Chief Executive Officer (CEO) is David McDonnell. He is responsible for the leadership and management of Grant Thornton International Ltd. The role of the CEO includes the development and recommendation of strategic priorities and of policies and procedures for ratification by the Board of Governors (the Board), together with their subsequent implementation.

The CEO is regularly briefed by the relevant Global Leadership Board members on recommended modifications to the policies and procedures governing international work, including audit, tax and advisory services and risk management.

The CEO has responsibility for appointing the Global Leadership Board (subject to the concurrence of the Board of Governors) to assist him in the day to day management of the organisation. The CEO also has the authority to appoint new member firms in accordance with the criteria agreed by the Board of Governors.

• At the end of September 2008 there were 96 member firms, operating from over 500 offices in over 100 countries.
• Total member firm revenues for the 12 months ended 30 September 2008 were US$4bn (2007 – US$3.5bn) a 14% increase on 2007.
• Audit revenues increased by 12% to almost US$2bn and specialist advisory services generated over US$1bn for the first time.
• Member firm personnel totalled 30,662 (27,861 in 2007) of which 2,610 were partners (compared to 2,448 in 2007).