Marc Siegel, Partner, Assurance Services, Ernst & Young LLP & SASB Board Member

 

 

Marc is a Partner in the Financial Accounting Advisory Services practice of EY LLP where he advises clients on reimaging their corporate reporting away from compliance exercises and more as vehicles of communication. Helping clients develop a transparent articulation of the long-term value creation story throughout all the communication channels to investors is key to limiting the risk of activist shareholder attack. Marc’s expertise in corporate reporting has been built over 25 years, with deep experience in audit, buy-side research, and policy. In January 2019, Marc was appointed as a Board Member of the Sustainability Accounting Standards Board (SASB).

Previously, Marc was a Board Member of the Financial Accounting Standards Board (FASB) where he was instrumental in projects on financial statement presentation, financial performance reporting, disclosure framework, and was involved globally with the International Accounting Standards Board (IASB), Enhanced Disclosures Task Force, International Integrated Reporting Council and the Corporate Reporting Dialogue.  At FASB, Marc hosted forums on both coasts with auditors, preparers, securities regulators, securities attorneys, investors and audit committee members to kick off the Disclosure Framework project.

Prior to the appointment to the FASB, Marc’s served as Director of Research at a boutique sell-side research firm providing detailed forensic financial statement analysis to mutual fund and hedge fund clients to support their investment decisions. He led a team of more than twenty analysts in the US and London doing forensic financial statement analysis designed to detect early warning signs of underappreciated business deterioration and to warn institutional investor clients about those risks. Also, Marc worked closely with Institutional Shareholder Services (ISS) corporate governance and ESG research teams to identify synergies in research processes and findings, especially around contentious shareholder voting situations.

Marc began his career at Arthur Andersen as both an auditor and as a litigation consultant.