Tag: Competition and Markets Authority

CMA appoints Doug Gurr as interim chair
The former president of Amazon China has been brought in by the business secretary to lead the Competition and Markets Authority.

UK audit market shows signs of diversifying
There has been an increase—albeit small—in challenger audit firms’ share of the takings, according to FRC figures.

Sir Alex Chisholm joins BT
The ex-Whitehall mandarin, chair of EDF, has become an independent non-executive director of the BT Group.

News round-up: this week in governance
Activists disrupt Unilever AGM; how AI might save ESG; a difficult pill for Smith & Nephew; should the FCA name and shame?

Big Four continue to dominate audit market
FRC review of audit market competition reveals 98% market share that ‘leaves little room for challengers to emerge’.

UK government backtracks on audit reform
Plans for resilience reporting regulations are scrapped in the volte-face, as is the requirement for an audit and assurance policy.

Audit reform changes will increase ‘pressure’ on boards
Implementing managed shared audit would put a burden on audit committees, a recent panel discussion concluded.

When employees become the competition
How might you be affected by a global move towards the banning of employment contract non-compete clauses?

Greenwashing: are directors ultimately liable?
Directors who pay lip service to climate-related risks may be exposed to breach of duty claims for failing to protect firms’ interests.

UK government could introduce shared audits for large companies
Recent media reports suggest the government is leaning towards shared audits as part of long-awaited market reforms—despite warnings against the move.