PracticeAccounting FirmsDeloitte reappointed to BSkyB at a price

Deloitte reappointed to BSkyB at a price

Shareholders at last week's AGM have voted to reappoint Deloitte as auditor of BSkyB, but the firm has lost out on an advisory role.

Link: Committee to improve governance at BSkyB

A spokesman for BSkyB confirmed that Deloitte had been retained, but said they had been dropped as remuneration advisors.

The spokesman declined to comment on the reason for this. A replacement has not yet been appointed.

Last week, some shareholders had called for Deloitte to be dropped as auditors of BskyB over potential conflicts of interest.

Morley Fund Managers, which owns a 1.3% stake in BSkyB, cited ‘potential and material economic conflict’ due to the high level of non-audit work provided by Deloitte, as its key reason for voting against the firm’s reappointment.

The meeting saw James Murdoch confirmed as CEO of BSkyB, while Lord St John of Fawsley, the director who led the selection process, defeated a campaign to kick him off the board.

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