PracticeAuditInvestors need audit committee role clarity

Investors need audit committee role clarity

Powerful investors say audit commitees' corporate governance powers are not being utilised effectively by shareholders

Investors need to put audit committees to better use in terms of their
corporate governance remit.

The claim was made by a group of prominent investors including envoys from
Morgan Stanley Investment Management and Standard Life Investments,
the
FT reported.

Together with other members of the group which includes Ernst & Young, a
guide has been published for the benefit of both the investors and the audit
committes.

Guy Jubb, head of corporate governance at Standard Life Investments said,

‘Investors need to raise their game in this area. We want to help boards and
audit committees, but also investors in gaining confidence in what they can and
should ask for.’

Further reading:

Corporate
governance: Blind spots

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