More about our committee-based structure
Our Committees
The 100 Group is organised through a structure of committees. Each committee meets once a quarter to debate emerging topics on the agenda of Finance Directors.
The main committee determines the overall strategic direction of The 100 Group, and delegates responsibility for action to the sub-committees. Each sub-committee is chaired by a member of the main committee. Committee meetings are held in private, and guests are invited by the committee chairman.

Stakeholder Communications and Reporting Committee
The committee’s aim is to promote relevant, reliable, understandable and comparable with stakeholders including investors to allow them to make rational economic decisions.
The committee supports the development of high quality, global accounting standards and regulation that both protects stakeholders and encourages business growth and expertise.
The committee meets quarterly to debate emerging issues in corporate reporting and accounting standard setting.
The committee considers how it can enhance the standards of corporate reporting of its members, either voluntarily or through supporting bodies such as the IASB and the FRC. This includes through considering active projects of the IASB and commenting formally on relevant discussion papers and exposure drafts.
We maintain strong ties with the IASB, FRC, ICAEW and other bodies to ensure we have insight on standard setting and developments at a UK and International European level.
Iain has been Chair of The 100 Group Financial Reporting Committee since March 2020.
Iain became Chief Financial Officer of GSK in April 2019. He is an Executive Director of the GSK Board and a member of the Corporate Executive Team.
Iain is responsible for Global Finance and several of the company’s key global functions including Investor Relations and Tech.
Prior to joining GSK, Iain was Group Finance Director at the global bank HSBC, a position he held for eight years. A chartered accountant, Iain has worked in Asia, the US and Europe and before HSBC was at General Electric, Schlumberger Dowell and Price Waterhouse.
Iain is a member of the Court of the University of Aberdeen and The 100 Group.
Iain holds an MA in Business Studies and Accounting, and an Honorary Doctorate from Aberdeen University in Scotland.
Email Iain Mackay on The 100 Group matters at: iain.mackay@the100group.co.uk
Members of the Financial Reporting Committee are CFOs of principally FTSE 100 companies. They represent a broad spectrum of industry groups.
Financial Reporting Committee
We continue to monitor developments in the IASB's major projects. We work with our other committees on cross-cutting issues, in particular on integrated and digital reporting initiatives, non-financial reporting metrics and UK endorsement mechanism for international accounting standards following Brexit.
The committee focuses on maintaining and developing our relationships with other stakeholder bodies in the UK and internationally in order to best co-ordinate and focus efforts on areas of shared interest.
What We've Said (including submissions by the previous Financial reporting committee)
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- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
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Response to the IFRS Interpretations Committee’s Tentative Agenda Decision on the Classification of Debt with Covenants as Current or Non-current (IAS1)
Response to the IASB discussion paper on Business Combinations – Disclosures, Goodwill and Impairment
Response to FCA Exposure Draft: Proposals to enhance climate-related disclosures by listed issuers and clarification of existing disclosure obligations
Pensions Committee
The committee’s aim is to promote fair, transparent and appropriate pensions regulation for employers and employees.
The committee actively engages with the Government, the Pensions Regulator and the PPF to enhance pension regulation in the UK. It also engages with EIOPA and the European Commission to ensure appropriate regulation on a European level. It comments formally on significant relevant pension consultations and regularly advises relevant regulatory bodies on the future of pension provision.
Phil became Chair of the 100 Group Pensions Committee in March 2021
Phil was appointed Chief Financial Officer of United Utilities Group PLC in July 2020. Prior to this he has held a number of senior finance leadership roles, including more recently, Group Controller and prior to that Group Treasurer.
He is a member of the ICAEW having qualified as a chartered accountant with KPMG and is a fellow of the Association of Corporate Treasurers. In March 2021, he was appointed as one of ten inaugural members of the UK Accounting Standards Endorsement Board (UKEB) having previously served a two year appointment as a member of EFRAG TEG (2015-2017). Phil holds a BSc in Mathematics from Durham University.
Email Phil Aspin on The 100 Group matters at: pensions@the100group.co.uk
The members of the Pensions Committee are drawn from Finance Directors, Group Treasurers and Pension Managers of member companies with an interest in the pension’s agenda.
The committee's current priorities are as follows:
- Pensions regulation: Arguing that any significant changes to pensions legislation should be made proportionately and after appropriate consultation.
- Brexit: Identifying any areas of pensions legislation where changes can usefully be made following withdrawal from the EU.
- Defined benefit funding: Ensuring that the funding regime for defined benefit pension schemes maintains an appropriate balance between trustees and employers.
- Pensions taxation: Continuing to make the case that major reforms to the taxation of pensions would be damaging and that the employer contribution has a key role in incentivising pension scheme membership.
The main items on the agenda for 2018 are expected to be:
- Responding to the forthcoming White Paper on defined benefit pensions, which may include proposals for new funding requirements and/or strengthened powers for the Pensions Regulator to intervene in corporate transactions involving defined benefit pensions.
- Continuing to make representations against any major reforms of the pensions taxation system.
- Monitoring developments in the defined contribution pensions regulatory landscape and ensuring that any further changes to defined contribution pensions legislation (including any arising from the auto-enrolment review) are not unduly onerous.
- Ensuring that the EU’s IORP (Institutions for Occupational Retirement Provision) II Directive is implemented proportionately in the UK, especially given the likely timing relative to Brexit (the Directive needs to be implemented by January 2019).
What We've Said
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