FCA has banned a non-executive director (NED) of two mutual societies and fined her £154,800 for failing to disclose conflicts of interest. Angela Burns had undertaken consultancy work for a US-based investment manager and subsequently asked for its support to become a UK business or renew her consultancy. When she became a NED of the two mutual societies she did not tell them of her consultancy request and FCA alleged she used her position as a NED to benefit her own position. Ms Burns is appealing the FCA decision. (Source: FCA Bans NED for Failure to Disclose Conflicts)