Governance Fact Check: Chairman Independence

The UK Governance Code 2016 & Chairmen

In its 2016 AGM results announcement, Sky plc suggested that shareholders voted against James Murdoch because of proxy analysts rather than facts surrounding Murdoch’s appointment.

As a UK incorporated Plc, Sky’s governance …

Audit independence – costs vs ethics

The current economic downturn is encouraging issuers to review their audit arrangements with more pressure to delivery low cost audits says Ernst & Young’s audit chief, John Flaherty.

According to reports in Accountancy Age tendering activity is at its highest …

Sir David Walker’s 39 Steps

Sir David Walker’s review of the governance of UK banks, commissioned by Prime Minister Gordon Brown, has published 39 recommendations aimed at improving the governance of banks and other big financial institutions (BOFIs). The aim of the report was to …

Audit & Conflicts of Interest

The UK’s audit watchdog, the Auditing Practices Board (APB) has issued its latest consultation paper with a view to updating its ethical guidelines on the vexed issue issue of auditor consultancy services.

In the UK regulatory construct, the audit is …

Chrysalis Director Payoffs

Chrysalis is no stranger to director payoff issues, as reported in the Daily Telegraph last year. This year’s annual report is equally revealing. During 2008 Michael Connole received compensation for loss of office of £410,000, while Richard Huntingford received compensation …