MCCREEVY AUDIT COMMITTEE
July 1st, 2005
BY KEITH NUTHALLEUROPEAN Union (EU) internal market Commissioner Charlie McCreevy has indicated a willingness to compromise with opponents of a proposed EU directive that would force listed companies to appoint in-house audit committee. Speaking to a conference on European corporate governance, in Luxembourg City, McCreevy recognised the critics, whom he said had "woken up somewhat late in the day". He said: "If the directive confirms the now well-established principle of an audit committee as a tried and tested way of ring-fencing the audit function, then I am ...
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