Lawrence Reed

Statutory audits – a divergence in views

‘The constant trade-off between audit price and quality will continue to be very finely balanced and shareholders will increasingly voice opinions. Overall, the current divergence in views between FDs and ACCs appears to reflect their different roles and priorities and be a useful counter-balance ensuring good governance and effective use of external auditors.’

Richard Smerdon

An abuse of the Stewardship Code?

‘It is the view of the author that until this issue is nailed ... one has to fear that the ability of huge mining companies essentially controlled and operated outside the UK to ignore UK shareholders whilst enjoying the advantages of a London listing and recognition on a FTSE Index is an abuse of governance and especially an abuse of the UK Stewardship Code.’