From Lisbon to New York. Gabriela Figueiredo Dias leaves the CMVM to become an international organization for the ethics of auditors
Gabriela Figueiredo Dias, current president of the Brazilian Securities Market Commission (CMVM), who is in office although she has already expired in the summer, will lead an international organization that promotes ethics in the professions of accountants and auditors.
“Gabriela Figueiredo Dias will become the first president of the IESBA on January 1, 2022. He will succeed Stavros Thomadakis, who has led the IESBA since 2015,” according to one communiqué written from New York, which is not local of the international organization issued this Wednesday, October 6th.
The move, reported by the digital newspaper “Eco”, was disclosed after the Government had finally kicked off his replacement, with an invitation to Gabriel Bernardino.
The IESBA is the acronym in English for International Ethics Standard Board for Accountants, which in a literal tradition would be international board for the ethical standards of international accountants, being a body that regulates which ethical standards must be complied with by these professionals and others with they relate to each other, as auditors – in the latter case, it is a professional group over which Gabriela Figueiredo Dias has supervisory competences in the Portuguese authority that she directs.
“As president of the CMVM, he defends international standards, based on robust ethical principles and developed with the public interest in mind. IESBA’s work in establishing high-quality and internationally appropriate ethical standards for auditors, including not with regard to their independence (…) is essential for integrity and robustness in the global financial system and architecture”, he says. Gabriela Figueiredo Dias, quoted in the statement.
Inaugurated in 2016, Gabriela Figueiredo Dias ended her term as president of the CMVM in June, but remains in office because the Government was late in replacing her. Departed from the European insurance supervisor, Gabriel Bernardino has only just been invited by the Ministry of Finance to be the new president, but will still have to go to CRESAP (Recruitment and Selection Committee for Public Administration) and to Parliament to be evaluated by both.
Gabriela Figueiredo Dias has a résumé at the CMVM and, before becoming president, was the number two in the administration led by Carlos Tavares, having occupied management positions at the regulator since 2007. Before that, she was an independent worker (admitted to the Bar Association). Now, go to the world.