Shell to shift its HQ; audit reforms continue to cause controversy; Korea introduces gender quota; and stock exchanges make net zero pledges.
Car park catch-ups; audit reform rumours; Musk on Twitter; ISS seeks climate disclosures; and why married CEOs are a safer bet.
Discussions about the merits of an audit market share cap have intensified after remarks made by Sir Jon Thompson last week.
Transparency groups including Greenpeace UK say failing to disclose the audits involved “risks creating a general lack of confidence in all audit opinions”.
Study finds committees in troubled firms have fewer female members, more outside directorships, greater shareholdings and longer tenures.
Lack of ownership reform and plans to extend the definition of “public interest entity” have drawn criticism from prominent figures.
Research suggests implementing the government’s proposed internal controls reforms alone could cost between £10m and £20m per company.
Audit firms need to develop an organisational culture that empowers auditors to consistently and courageously do the right thing.
The reforms will place renewed scrutiny on boards, audit committees and their work—and it’s essential that boards review the key issues.
Study of German companies concludes that the arrival of a new chair negatively influences audit quality and audit pricing.