Tag: corporate governance
Big Four auditors ‘prepared’ if regulators push for split
The Big Four audit firms have prepared contingency plans for being broken up, if regulators insist on making big interventions in the market.
Why boards should be clear about long-term value
The need for boards to focus on the long-term value of their organisations is by now well known, but communicating this clearly to stakeholders is crucial if they are to regain public trust and remain sustainable.
‘Professional scepticism’ must be further embedded into audit firms’ culture
First review of the culture of audit companies by the Financial Reporting Council sets a path for it to monitor and act if improvements fail to emerge.
Standard Life’s Gilbert counts the days to non-executive resignation
Standard Life Aberdeen co-CEO Martin Gilbert offers reassurance that he will relinquish one of the two non-executive roles which currently place him in contravention of the UK Corporate Governance Code.
QCA updates smaller quoted companies’ governance code
With AIM companies having to apply a corporate governance code from September, the Quoted Companies Alliance has updated its own version.
Asset manager Hermes calls for external review of culture at Volkswagen
Major investment adviser wants shareholders to vote against new Volkswagen board appointments, and an independent and analytical review of the carmaker’s plan to improve its culture and governance.
Watchdog to step up monitoring of largest audit firms
Financial Reporting Council says it will take a closer look at leadership at the six biggest audit firms.
Zuckerberg must quit Facebook, says New York pension fund official
New York City pension fund overseer urges Facebook chairman Mark Zuckerberg to quit, as part of cleansing itself after the Cambridge Analytica data leak.
Grant Thornton’s decision throws a cloud over audit market
Grant Thornton’s decision to stop pitching for big audit contracts raises fresh questions about the UK’s audit market.
Watchdog to review Aviva’s plan to cancel preference shares
The Financial Conduct Authority has launched a review to establish whether Aviva may have broken market abuse rules.