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.
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MORE TEETH FOR THE UK’S AUDIT AND GOVERNANCE REGIME
What are the key changes affecting corporates?
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.