Thompson, the former chairman of
Hollinger’s audit committee, has
testified that he approved more than ?100m in fees to
Conrad Black’s private
management company without ever reviewing a single piece of paper to support the
Thompson made this admission during cross-examination by lawyers for Black
who attempted to cast doubt over his leadership of the audit committee.
One lawyer accused Thompson and other audit committee members of trying to
salvage their reputations by testifying Black duped Hollinger’s board into
approving payments to himself and top executives.
Black and his co-defendants deny all charges of fraud and racketeering.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements