The latest governance report by Assonime, the association for Italy’s limited liability companies, showed that where companies have an audit committee, members are not always independent.
But the research pointed out that the transparency at public companies had improved significantly in recent years.
Following the discovery of the financial scandal at one of Italy’s leading public companies, Parmalat, at the beginning of this year, Italian companies are keen to prove to the outside world their ability to comply with governance rules.
The report only examines whether rules and procedures are disclosed to investors and doesn’t look at the effectiveness of controls.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016