Publishing the ninth edition of PIRC’s shareholder voting guidelines, the organisation said other key goals for 2005 include pushing for the separation of the chairman and chief executive’s roles, increasing the presence of independent directors and improving company disclosures.
Alan MacDougall, PIRC managing director, said: ‘The emphasis today is now firmly on substance and understanding of governance arrangements in practice. This will require transparency and mature dialogue.’
He added: ‘They [voting guidelines] provide consistency and fairness for our analysis of companies and transparency for clients as to the basis of our voting recommendations. Our goal is to raise standards across the whole market.’
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
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Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day