BDO Appoints Second Independent Non-Executive Director to Board; Ms Connie Carnabuci

BDO Appoints Second Independent Non-Executive Director to Board; Ms Connie Carnabuci

BDO has announced the appointment of Connie Carnabuci as an independent non-executive director to its Board from 1 July 2024. This appointment reinforces BDO’s commitment to a strong and transparent governance framework and strengthens the firm’s position and commitment to transparency and accountability across the professional services sector.

“Connie Carnabuci's appointment to the BDO Australia board underscores our progressive approach to governance; ensuring our board comprises individuals with diverse perspectives and a commitment to ethical oversight,” said BDO Chair, Mr David Fagan.

“As BDO continues to grow and evolve, the integration of independent viewpoints will be crucial in maintaining its trajectory of excellence and trustworthiness in the market. Connie’s background and extensive experience will be highly valued, I look forward to welcoming her as an independent non-executive board member on 1 July [2024].” continued Mr Fagan.

Ms. Carnabuci is an accomplished non-executive director with an impressive career spanning nearly 40 years. Her extensive professional experience includes significant roles in both the private and public sectors. She has served as General Counsel for the Australian Broadcasting Corporation and was a senior partner at the prestigious international law firm Freshfields Bruckhaus Deringer, as well as a partner at leading Australian firm Mallesons Stephen Jaques.

Throughout her career, Ms. Carnabuci has demonstrated exceptional leadership in governance, finance, and risk management. She has served on the Audit and Risk Committee of ASX-listed entities and has a proven track record in developing comprehensive risk management frameworks. Her expertise in technology, media, and telecommunications (TMT), as well as intellectual property, is well-regarded, having co-headed the global technology practice at Freshfields and led the regional TMT/IP practice in Asia.

Ms. Carnabuci’s appointment comes at a critical time when the professional services sector faces increased scrutiny over governance structures. The inclusion of another independent non-executive director on the BDO board is a proactive measure, addressing these concerns head-on and demonstrating BDO’s leadership in setting industry standards.

In her role as ABC General Counsel, Ms. Carnabuci spearheaded a transformative change program to modernise the legal function and deliver quality services at scale to support the public broadcaster's digital transformation. Her strategic oversight and ability to map risks and opportunities to appropriate governance frameworks (including cybersecurity, data and Ai) have been important parts of her career.

“I am honoured to join the BDO board at this exciting time and look forward to contributing to the firm’s continued growth and success,” said Ms Connie Carnabuci.

“BDO’s dedication to client excellence, governance and transparency resonates with my professional values, and I am excited to be part of a firm that is committed to leading by example in the industry.”

Ms Carnabuci’s leadership in managing high-profile public matters and her strategic involvement in regulatory proposals, such as the mandatory news bargaining code and the voluntary misinformation and disinformation code, highlight her comprehensive understanding of the legal and regulatory landscape.

Ms Carnabuci’s tenure on the BDO board will commence on 1 July 2024.

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