Testifying at the trial of former Hollinger chairman Conrad Black, a former
member of the company’s audit committee has testified that it kept watch over
company finances for four years without any financial experts.
Economist Marie-Josee Kravis, sat on the committee during the time that Black
allegedly helped steal $60m (£30m) from the company.
She said that no one on the audit committee between May 1999 and May 2003 had
the financial experience required by its governing charter.
Kravis, was the second audit committee member to testify at the trial of
Black and three co-defendants in the Chicago federal court.
The case is now in its seventh week. Black, 62, is charged with fraud and
Tallat Mahmood appointed to corporate finance team of Top 20 firm
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Senior partner David Elliott has been appointed in KPMG’s Newcastle office
Turnover growth of 70% for 2016 has been reported at Corrigan Associates