NED and Audit Committee workshops: Corporate Governance Developments (Audit Committee Focus) - June 2013

2012 has seen considerable changes in the regulatory framework, including changes to the UK Corporate governance and Stewardship Codes and these changes will continue into 2013 when Government legislation on directors' remuneration and narrative reporting comes into effect and the FRC will publish updated guidance on risk and internal control and the going concern assessment.  

During the workshops held in Guernsey and Jersey, John focused on corporate governance changes and developments for listed funds, the increasing requirements from and pressures on Audit Committees to comply, updates on the UK Competition Commission/EU Audit Proposals (rotation and audit tenders), and the local audit oversight regime for listed funds including how would you assess audit quality if asked?

The presentation attached gives some of the highlights covered in the workshops. If you have any queries, please do not hesitate to contact John Roche, Paul Silcock or your usual PwC contact.

Further information 

Speaker profile

John Roche is a Partner at PwC Channel Islands based in the Guernsey office with responsibility for a wide range of asset management clients as well as being the risk management partner for the PwC Channel Islands firm.  John has been with the firm for 24 years and in this time he has worked in the PwC offices in Ireland, London and the Channel Islands.  John specialises in real estate/property, private equity and hedge funds, including those who seek to use the Channel Islands as a base to list investment vehicles here, in the UK or further afield. John is currently President of the Guernsey Society of Chartered and Certified Accountants.