New regulator and new powers over directors of corporates
For large corporates, including large private companies, ARGA will introduce significant governance obligations. Their directors will, for the first time, be subject to regulatory oversight by ARGA in respect of accounting and audit matters. ARGA will be able to investigate them and impose financial penalties and other sanctions.
Access our guides and briefings:
REFORM OF THE UK AUDIT AND GOVERNANCE REGIME: WHAT HAPPENS NEXT?
Briefing for Corporates: June 2022
What do directors need to be aware of to perform their role?
Read the article in this month's IoD Briefing, by our Partners Jaya Gupta, Sarah Thomas, and Managing Associate Richard McGarry.
MORE TEETH FOR THE UK'S AUDIT AND GOVERNANCE REGIME
Letter: New watchdog must avoid damaging lawyer-client privilege
Read the article in Financial Times, by our Partner Sarah Thomas.
Directors, beware: Corporate governance overhauls could end with personal liability
Read the article in City AM, by our Partner Sarah Thomas.