Almost 70% of those polled in a Mori study said they were less likely, than a year ago, to accept the chairmanship of an audit committee.
The audit committee chairman’s role has becoming increasingly important to investors, following moves to tighten existing regulation in the UK and the introduction of new US rules on corporate governance.
Mori interviewed 105 chairmen, chief executives and finance directors of FTSE500 companies in a study for accountants Ernst & Young.
In January 2003 Sir Robert Smith, chairman of the Weir group, released a report on audit committees, which tightened rules on independence of non-executives and limited the number of non-exec posts a person could hold.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned