PracticeAuditNEDs to appoint auditors at news group

NEDs to appoint auditors at news group

Dawson Holdings plc, the news distribution and marketing services group, has announced that, in future, company auditors will be appointed independently of the board of directors, by a non-executive audit committee.

In a statement the company said the decision was taken to keep it ‘in line with evolving corporate governance best practice’ and ‘in light of the current corporate accounting scandals’.

The company said there were no plans to change current auditors Deloitte & Touche and said the ruling would be used for future appointments.

Dawson chairman Peter Brown said: ‘At Dawson, we have always taken the issue of corporate governance very seriously. The team believes that making the appointment of the auditors independent of the executive directors, is a move that will further boost our high standards of corporate governance.

‘In future the auditors’ appointment and fees will, subject to shareholder approval, be settled by the audit committee.’

Turnover for Dawson in 2000 topped £623m.

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