BusinessCompany NewsNon-execs strapped for time

Non-execs strapped for time

A major change is required in the way non-executives carry out their roles and how management treats them if companies are to comply with the letter, and the spirit, of the combined code on corporate governance.

Link: Non-execs face legal battle

A survey of non-executives at FTSE and AIM-listed companies by BDO Stoy Hayward found that they may not be getting information that is relevant and timely.

Only 40% received regular updates on key business risks, while just 20% receive monthly information on the status of internal controls.

The code came into force on 1 November and sees a changed role for non-executive directors, who will be expected to have more responsibility, retain greater independence and act as mediator between management and shareholders.

David Anderson, audit partner at BDO, said: ‘It seems that non-executives are fed a lot of information and often on a timely basis, but whether this information is relevant and they are given enough time to absorb it is questionable.’

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor