Shareholders say accountants are not qualified to examine the “broad terrain” of corporate governance compliance.
The Hague, Holland. Photo: Anton_Ivanov / Shutterstock.com
A Dutch shareholder association has written to the corporate governance commission, protesting against a planned measure that would extend the role of accountants in the drafting of a company’s corporate governance statement.
The VEUO (Vereniging Effecten Uitgevende Ondernemingen), which represents companies listed on Euronext Amsterdam, says the proposed amendment to corporate governance law, in which accountants would be responsible for a compatibility test with the corporate governance code, would be of no benefit to companies or their accountants.
“This would only result in additional work for the accountant and the company and
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