Liz Murrall
EU audit reform
‘These reforms will go a long way to address investors’ concerns. However, there are fears that the flexibility afforded to mandatory rotation could adversely impact audit quality ... allowing Member States options to either extend the mandatory rotation period or indeed shorten it, could create a patchwork of different regimes with companies using different auditors in different parts of the globe.’
Ken Kobayashi
Engagement in Japan
‘Contrary to popular belief, Japanese shareholder rights are actually very strong, but we feel that seeking to assert those rights to impose change is not as productive or conducive to long-term value as working with the management to get better results.’