BusinessCompany NewsConcerns raised over non-audit fees at Dixons

Concerns raised over non-audit fees at Dixons

Investor group Pirc is urging shareholders to oppose several motions, including one on the level of non-audit fees, at Dixons.

Link: Deloitte paid £2.5m for Dixons audit work

The electrical retailer is due to hold its annual meeting on Wednesday where the company will present its proposals on increased options for directors, performance targets and non-audit fees.

But Pirc is encouraging shareholders to vote against the motions, claiming performance targets aren’t challenging enough to warrant the doubling of options to directors.

The investor groups is also concerned that Deloitte has received more in non-audit fees than for its audit work at the company.

Other shareholders groups, however, are downplaying the alleged negative impact of the motions.

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