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13 Oct 2008
Seven out of ten US CFOs want greater explanation of the reasons behind auditor dismissals and resignations, according to a Grant Thornton survey.
A total of 688 chief financial officers and senior comptrollers were asked if the SEC should enhance the 8-K rules to require explanations for all company dismissals of auditors, for all auditor resignations and for all instances in which the auditor chooses not to stand for reappointment. 70% said yes.
The survey also found that two thirds thought the average CEO is overpaid, but only a quarter believed their own boss’ remuneration package was too high. Over half (55%) harbour the ambition to step into a CEO role one day and 83% believe that CEO and chairman roles should remain independent of each other.
Further reading
See the Grant Thornton survey results
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Briefings
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