Malcolm was awarded the honorary membership of ICAEW for his outstanding dedication, contribution and services to the profession, including as an independent non-executive Board member, which he joined in June 2019.
Prior to his appointment to the Board, Malcolm had vast experience in governance and regulation following a long legal career in private practice and the UK financial services industry, including as Group Company Secretary at Lloyds Banking Group.
He will become the 12th honorary member in ICAEW’s 146-year history. King Charles III was made an honorary member in 2007, while other honorary members include Mervyn E. King and Melanie Richards CBE.
Elizabeth Hambley CB
Elizabeth brings significant experience to the ICAEW Board. Since 2024, she has held the position of Civil Service Commissioner and non-executive board member. She was previously an executive board member for the Government Legal Department, and Director General for its Commercial, Trade and International Directorate.
As a senior civil servant Elizabeth led the Legal Departments in several government departments including the Department for Environment Food and Rural Affairs, the former Department of Business, Energy and Industrial Strategy and the Department of Media, Culture and Sport.
In a voluntary capacity, Elizabeth is a coach and mentor to charity CEOs and Boards for Pilotlight, a charity helping connect business leaders to non-profit organisations to solve challenges and strengthen strategy.
Peter Wyman, ICAEW Chair of the Board, said: “I am delighted that Malcolm Wood has become an honorary member of ICAEW and commend him for his outstanding contribution to the Institute. This award is testament to Malcolm’s deep understanding of governance and regulation, championing the public interest and supporting the Board and ICAEW to perform so effectively throughout his six years of service.
“I would also like to welcome Elizabeth Hambley to the Board as an independent non-executive board member. Elizabeth brings extensive experience from her career in the legal profession and at the highest levels of government. She will play a key role in providing independent oversight and constructive challenge to ensure the Board continues to operate effectively.”
Malcolm said: “It has been a huge privilege to serve on the Board of ICAEW in a period of significant change and development. Receiving honorary membership came as a great surprise and is something that I value very much.”
Elizabeth said: “I am delighted and honoured to join the ICAEW Board. I look forward to working with Peter, non-executive colleagues and the ICAEW team to support the Board’s continued focus on operating with integrity, transparency and impact, for the benefit of its members and in the public interest.”
ENDS
Notes to editors:
Contact ICAEW media office:
About ICAEW
Chartered accountants are talented, ethical and committed professionals. ICAEW represents more than 211,600 members and students around the world. 81 of the top 100 global brands employ ICAEW Chartered Accountants.* 82% of FTSE 100 companies have an ICAEW member on their board.
Founded in 1880, ICAEW has a long history of serving the public interest and we continue to work with governments, regulators and business leaders globally. And, as a world-leading improvement regulator, we supervise and monitor more than 11,500 firms, holding them, and all ICAEW members and students, to the highest standards of professional competency and conduct.
We promote inclusivity, diversity and fairness and we give talented professionals the skills and values they need to build resilient businesses, economies and societies, while ensuring our planet’s resources are managed sustainably.
ICAEW is working towards becoming net zero, demonstrating our commitment to tackle climate change and supporting the UN Sustainable Development Goal 13.
ICAEW is a founding member of Chartered Accountants Worldwide (CAW), a global family that connects over 1.8m chartered accountants and students in more than 190 countries. Together, we support, develop and promote the role of chartered accountants as trusted business leaders, difference makers and advisers.
We believe that chartered accountancy can be a force for positive change. By sharing our insight, expertise and understanding we can help to create sustainable economies and a better future for all.
* includes parent companies. Source: ICAEW member data March 2026, Interbrand, Best Global Brands 2025.
Further information
latest press releases
Contact us
Media relations
Our Media Relations team can be contacted for comment, opinion and information on issues affecting the accountancy profession, business and the wider economy.
Find out moreAbout ICAEW
Who we are
As a global professional body for chartered accountants, we ensure all our chartered accountants have the knowledge and values to help build local and global economies that are sustainable, accountable and fair.
Find out more