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IIAG 25th Anniversary Conference -'Transform or bust: Embracing resilience and sustainability’

5 October 2022

Registration from 8.30 for a 9.30 am start. Followed by a celebratory evening reception in the House of Lords

An opportunity, to recognise the mega risk trends impacting our Industry and global economies, and to set tough questions for future iiag discussions.

We are proud to announce our XXV Anniversary Celebratory Event – two years later than planned and all the more remarkable for it.

The iiag was established 27 years ago. It has transformed since then, from an informal network, for a small number of heads of internal audit, to what it is today: a highly valued forum for internal audit and related governance professionals, in over 100 organisations. This is no mean feat, as we are run by volunteers, fuelled mainly by passion, enthusiasm and support from all our colleagues, including our expert speakers over the years.

We have organised this extraordinary one-day Conference to mark our milestone, followed by a celebratory evening reception at the House of Lords, hosted by Lord Smith of Kelvin KT.  Lord Smith is an honorary Fellow of the CIIA, who chaired the FRC Group on guidance on Audit Committees in the Combined Code.

We take the opportunity, at our Conference, to recognise the mega risk trends impacting our Industry and global economies, and to set tough questions for future iiag discussions. Transform or bust could be the new mantra, as we progress through this challenging decade of change. Hence, we have themed our special Conference: Transform or bust: Embracing resilience and sustainability’.

Our guest speakers have been specially selected, not just for their expert knowledge, but also for their passionate messages for a more resilient and sustainable future – for our Industry and global society as a whole. 

Capacity is limited!  Book now to hear our line up of prominent speakers at Church House and enjoy an exclusive reception in the House of Lords. 

Our speakers are:

  • Lord Smith of Kelvin KT
  • Rt Hon Sir Vince Cable
  • Kate O'Neill, Director of Stakeholder Engagement & Corporate Affairs, Financial Reporting Council
  • Nick Dexter, Senior Advisor at the Bank of England
  • Caroline Wagstaff, CEO at the London Market Group
  • David Jackman, Author/INED, Ex-Regulator
  • Kathryn Morgan, INED/Chair of Audit Committee, Ex-Regulator
  • Professor Jeffrey Ridley, First Past President of the CIIA, Visiting Professor/Author

We look forward to seeing you on 5 October as we celebrate this milestone and look towards what the future holds for internal audit practitioners. 

Church House

Great Smith Street


Greater London


The presentations for this event are available to download for IIAG members only.

Building Corporate Maturity and the ‘Authentic’ Company

David Jackman

955 kb

Evolution to Renaissance – 1941 – 21st century

Professor Jeffery Ridley

1908 kb

A strategy for reforming corporate governance

Kate O'Neill

304 kb

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Speakers Profiles

Sir Vince Cable

Professor in Practice

London School of Economics



An economist by vocation, the Rt Hon Sir Vince Cable was MP for Twickenham for 20 years, shadow chancellor (2003-2010) and leader of the Liberal Democrats (2017-2019). He was Secretary of State for Business, Innovation and Skills and President of the Board of Trade in the five years of the Coalition government from 2010 to 2015. In government, he led on a number of developments recognised in our boardrooms today such as tighter controls on executive pay awards, mental health programmes and board diversity. He oversaw post financial crisis banking reforms and was also responsible for industrial strategy and innovation including establishment of the Catapult network and setting up two new banks to support small businesses (the British Business Bank in 2014) and ‘green investments’ (the Green Investment Bank in 2012, now independently owned by the Macquarie Green Investment Group).  


Before entering Parliament, Sir Vince had a variety of roles as an economist in government, international organisations, academia and business, latterly as Chief Economist at Shell. He is currently a Professor in Practice at the London School of Economics and visiting professor at both Nottingham University and St Mary University.  Sir Vince is the bestselling author of The Storm: The World Economic Crisis and What it Means (2009). His other publications include After the Storm: The World Economy and Britain’s Economic Future (2015), an autobiography Free Radical (2009), China: The New Cold War (2020) and Money and Power (2021). He is currently involved with a start-up providing infrastructure for the delivery of hydrogen in the transport sector’..

Find out more at


Nick Dexter

Senior Advisor

Bank of England



Nick is a Senior Advisor at the Bank of England.  His principal area of expertise is in insurance and he advises PRA supervision teams on technical areas such as Solvency II, IFRS 17, Climate Risk and insurance practice more generally. 

He has a wealth of insurance expertise, having worked previously as a partner within KPMG’s Actuarial and Insurance Risk practices. As well as being the lead actuarial audit partner for a number of large insurance companies, he advised many of KPMG’s clients on profit reporting and capital and risk management, including IFRS and Solvency II, both in the UK and overseas.

Nick is Chair of the International Actuarial Association's Insurance Regulation Committee and a member of their Climate Risk task force.  He is also a member of the UK actuarial profession's Practising Certificates Committee, and the Financial Reporting Group which looks at IFRS reporting. 

He is also a non-executive director of MAPFRE MSV plc, Malta’s largest life insurer.

David Jackman


Profile Pensions Ltd



David is Chair of Profile Pensions Ltd, a fintech firm, and co-chair of Pay Plan Ltd focused on serving vulnerable customers. He was part of the senior management team that established FSA, setting up the Training and Competence regime and was the first regulator to focus on ethics and culture. He was first CEO of the UK Financial Services Skills Council and co-founder of the Securities Institute (now CISI).

David is author of the UK standard for Sustainable Development and Sustainable Communities, and principal author of the international standards for sustainable cities - ISO 37101. He has recently co-chaired the ISO strategic report on ESG.

David was educated at Oxford and Cambridge and has written several textbooks on governance, ethics and compliance: including The Compliance Revolution (Wiley 2015) and Corporate Maturity and the Authentic Company (BEP, 2018).

He now lives in the heart of the Lake District and has a number of community roles.

Kathryn Morgan

Non-Executive Director



Kathryn is an actuary and non-executive director who chairs three Audit Committees for insurance companies.  She has worked in insurance companies and for the UK and Gibraltar financial services regulators.  She was elected as a member of the Council of the Institute and Faculty of Actuaries in 2013 and prior to that was on the Board of the Casualty Actuarial Society in the US.  

Kathryn has a strong voice in the gender equality debate and has led on, and contributed to, several research papers on insurance and risk. Kathryn is the recipient of an outstanding contribution award from the UK actuarial profession. She is also passionate about internal audit and believes that an effective internal audit function, supported by an engaged Audit Committee, is a key component of good governance. 

Kathryn’s support for the iiag dates back to 2011 when working at the FSA/PRA on policy development for Solvency II and supervision, Kathryn became a regular and trusted contributor at iiag events.  

Kate O'Neill

Director of Stakeholder Engagement and Corporate A

Financial Reporting Council



Kate joined the FRC as the Director of Stakeholder Engagement and Corporate Affairs in May 2020 . Previously she was the Head of Corporate Development at Jupiter Asset Management where she was responsible for corporate strategy, investor relations and communications. Kate was the Managing Director of Investor Relations at Lloyds Banking Group during the financial crisis before becoming a Partner at Brunswick and then at Maitland advising global clients on capital markets and communications issues.


After qualifying as a lawyer, Kate spent most of her career in the financial services sector in the UK, Europe and Australasia in senior leadership roles in distribution and alternative assets at AMP Asset Management, Henderson Global Investors and RBS Asset Management.

Professor Jeffery Ridley

First President CIIA



Professor Jeffrey Ridley has been an active member of The Institute of Internal Auditors since 1966 and in 1975 was the first president of the now Chartered Institute of Internal Auditors.  He practiced as a professional internal auditor and manager in two US multi-national manufacturing companies for thirty years: then starting a thirty year career in academia in 1991, researching and teaching on postgraduate corporate governance learning programmes now at three universities.

He has published three books on creative and innovative auditing and is currently writing his fourth on the impact internal auditing should have on today and tomorrow’s environmental, social and governance (ESG) goals: as they affect organisations and civil societies across the world.  He has written and campaigned over many years for the quality of internal auditing to be more regulated by audit committees and externally.  His latest article ESG Corporate Reporting Requires Regulated Modern Internal Auditing was published in the US by Thomson Reuters in September 2021. His latest Chapter on governance World-wide Good Governance is our History, Present and Future was published in Corporate Governance 3.0 by The Governance Forum in December 2021.

Lord Smith of Kelvin KT

Chair of the Smith Committee



A leading figure in business and public life, Lord Smith is one of the UK’s most experienced chairs of organisations in the private, public and voluntary sectors.

A former governor of the BBC, Lord Smith was also a member of the Financial Services Authority and chaired the Financial Reporting Council Group on Audit Committees, responsible for the Smith Report (2003) on guidance on audit committees in the Combined Code. A chartered accountant by profession and former President of the Institute of Chartered Accountants of Scotland, Lord Smith was knighted in 1999, appointed to the House of Lords as an independent cross-bench peer in 2008, appointed Knight of the Thistle in 2013, and awarded the Companion of Honour in 2016. In 2010, Lord Smith was awarded an Honorary Fellowship of the Chartered Institute of Internal Auditors in recognition of his long-standing support for the profession and the Institute.

Lord Smith currently chairs the boards of IMI plc, government-owned British Business Bank and Forth Ports Ltd, and serves as Chancellor of the University of Strathclyde. His recent positions included Chair of the boards of Scottish Enterprise, Scottish & Southern Energy plc, the Weir Group plc, Alliance Trust plc and government-backed Green Investment Bank (now independently owned by the Macquarie Green Investment Group).



Caroline Wagstaff

Chief Executive Officer

The London Market Group



Caroline has spent the last 35 years immersing herself in the financial and professional services, including commodity trading, spread-betting, accountancy, money broking, legal services and particularly commercial insurance.

After 25 years of working in the London Market, she has seen a wide range of issues come and go - and some come back again. In 1997 when she joined Lloyd's of London as Director of Marketing and Communications, it was a very different place but the common threads of collaboration and competition are as strong today as they were then.

Caroline was appointed CEO of the London Market Group in April 2021 and her priorities are the challenges of making the market fit for the future with the best business environment and by attracting and retaining young talent to speciality insurance.