governance Archives - Emile Woolf writes

Audit Committees’ Demanding Role

Woolf: clamping down on share of non-audit services As new audit regulations take effect with the introduction of the EU Audit Regulations and Directive (ARD) into UK legislation, Emile Woolf FCA emphasises the need for renewed rigour in governance and auditor oversight 29 Jul 2016 Emile Woolf FCA, chartered accountant View profile and articles. Governance […]

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Audit Committees: coming of age

Governance is more than regulation, which is its servant. Every public interest entity (‘PIE’), operating for the benefit of stakeholders and employees, functions within a regulatory structure that balances operational freedom, risk and cost. Finding and maintaining a lasting balance between these potentially competing elements is the province of good governance, and ensuring its effectiveness […]

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Reforming banks’ governance is not possible without real sanctions

The reforms recommended by Sir David Walker for the governance of banks would, if implemented, impose a huge moral responsibility on executive and non-executive banking directors alike. The will to exercise independent judgment without regard to personal advantage – whether money, power or status – is a rare commodity in commercial life, and it cannot […]

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