Question: What agency in the country where United Utilities is based is the equivalent of the one that appoints the members of the public company accounting oversight board?

<P0-S0> The PCAOB has five Board members, including a Chairman, each of whom is appointed by the SEC, after consultation with the Chairman of the Board of Governors of the Federal Reserve System and the Secretary of the Treasury. <P0-S1> Two Board members must be Certified Public Accountants. <P0-S2> If the PCAOB Chairman is one of them, he or she may not have been a practicing CPA for at least five years prior to being appointed to the board. <P0-S3> Each member serves full - time, for staggered five - year terms. <P0-S4> The Board's budget, approved by the SEC each year, is funded by fees paid by the companies and broker - dealers who rely on the audit firms overseen by the Board. <P0-S5> The organization has a staff of about 800 and offices in 11 states in addition to its headquarters in Washington. <SEP> <P1-S0> while most executive agencies have a single director, administrator, or secretary appointed by the president of the united states, independent agencies (in the narrower sense of being outside presidential control) almost always have a commission, board, or similar collegial body consisting of five to seven members who share power over the agency. <P1-S1> (this is why many independent agencies include the word ``commission ''or`` board'' in their name.) <P1-S2> the president appoints the commissioners or board members, subject to senate confirmation, but they often serve terms that are staggered and longer than a four - year presidential term, meaning that most presidents will not have the opportunity to appoint all the commissioners of a given independent agency. <P1-S3> the president can normally designate which commissioner will serve as the chairperson. <P1-S4> normally there are statutory provisions limiting the president's authority to remove commissioners, typically for incapacity, neglect of duty, malfeasance, or other good cause. <P1-S5> in addition, most independent agencies have a statutory requirement of bipartisan membership on the commission, so the president can not simply fill vacancies with members of his own political party. <SEP> <P2-S0> every year, a national panel appointed by the government selects the winning entry, and the award ceremony is held in new delhi, where the president of india presents the awards. <P2-S1> this is followed by the inauguration of the national film festival, where the award - winning films are screened for the public. <P2-S2> declared for films produced in the previous year across the country, they hold the distinction of awarding merit to the best of indian cinema overall, as well as presenting awards for the best films in each region and language of the country. <P2-S3> due to the national scale of the national film awards, it is considered the indian equivalent of the american academy awards. <SEP> <P3-S0> There is no common name for securities commission or financial regulatory agency in each country. <P3-S1> Naming has become more complicated as some governments have consolidated or merged organisations and given them a wider remit. <P3-S2> They sometimes contain the term securities and commission. <P3-S3> A number also have names based on Financial Authority, such as the Financial Services Authority of the UK or Financial Supervisory Authority (Sweden) or variations such as the Financial Services Agency (Japan). <P3-S4> Such as the Securities and Exchange Commission of the US or Securities and Futures Commission (Hong Kong). <SEP> <P4-S0> In 2007, United Utilities sold Vertex to a consortium of investors (Oak Hill Capital, GenNx360, Knox Lawrence International) for £217m. <P4-S1> Originally the back office service function inside UK utility company United Utilities, Vertex was spun out as a separate company in 1996.