Tag: BHS

Why we need audit reform right now
There is an “urgent need” for reform to the audit landscape as well as internal audit, the Chartered IIA argues.

‘Uncharted territory’ for directors as hard line set for pension regulation
Board directors are entering a tough new era, with regulatory proposals to impose sanctions for directors who deliberately put their employees’ pensions at risk.

PwC heavily criticised for ‘failed’ audit of BHS
A report from the Financial Reporting Council delivers scathing criticism of PwC’s audit of collapsed retail chain BHS and the partner who headed the work.

Directors could be struck off for failing to protect pensions, says PM
Directors could be fined or struck off if they fail to protect pension schemes, according to a policy announcement by prime minister Theresa May.

MPs say extend governance code to private companies
Large private companies should be subject to the same governance rules as publicly listed companies, concludes committee of MPs.

A question of cultural reform
Corporate governance in the UK is under scrutiny. Stephen Haddrill, chief executive of the UK’s governance regulator, discusses where he believes change should come.

Former BHS owner arrested amid tax investigation
HMRC has arrested Dominic Chappell as part of an ongoing inquiry into unpaid taxes, linked to his firm Swiss Rock.

BHS fiasco prompts better private company governance
The scandal at BHS has caused demands for better governance in privately owned companies. Do they need a new code, or are the right tools already available?

Cleaning up the governance act
UK business has made “great strides” in corporate governance, but recent events at BHS and Sports Direct have prompted questions about the behaviour of some directors. David Doughty argues that business needs to clean up its act.

UK governance watchdog responds to criticism over BHS
Financial Reporting Council clarifies its role in investigating the collapse of UK retailer BHS following criticism.