BusinessCompany NewsTyco CFO may go in boardroom clearout

Tyco CFO may go in boardroom clearout

Tyco chief financial officer Mark Swartz could be among the directors to be cleared from the company board in a bid to rebuild investor confidence in the scandal-stricken company.

Link: Tyco break-up follows Enron accounting debacle

Lord Ashcroft, former treasurer of the Tory party and a director at Tyco, is reported to have proposed that he along with eight of the company’s 11 directors should resign as part of a radical shake up of the board.

Tyco has been hit by scandal following the resignation of Dennis Kozlowski after he was indicted for sales tax evasion.

Lord Ashcroft is said to have made his proposal to the company board on Wednesday last week.

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