27/04/2021
A two-tiered Board or more professional directors? Spectacular company failures are usually the catalyst for changes to company law. Familiar names such as BHS, Patisserie Valerie, Thomas Cook and Carillion have collapsed after auditors have given them a clean bill of health, even after significant frauds have remained undiscovered for many years. These led Sir John Kingman to call for FRC’s replacement by a stronger regulatory body (a new Audit, Reporting and Governance Authority) capable of enforcing higher audit standards in his report with 80+ recommendations for improvement....
A two-tiered Board or more professional directors? Spectacular company failures are usually the catalyst for changes to company law. Familiar names such as BHS, Patisserie Valerie, Thomas Cook and Carillion have collapsed after auditors have given them a clean bill of health, even after significant....