Comment: The EU’s revised Shareholder Rights Directive comes into force this week. But while some investment managers are embracing the opportunity to engage boards on ESG issues, others appear to be hoping they will go away.
A number of recent reviews have concluded that greater scrutiny of the audit process is necessary, after a series of high-profile corporate failures. But what shape will any legislation take? And how will changes to the role of the audit committee affect the board as a whole?