29 Mar 2019 The week in IR: Investors to chase directors over audit failures, and shareholders oust CEO of Korean Air from board
This week’s investor relations-related stories from around the web
Investors are planning to hold directors and audit partners to task for their roles in accounting scandals, according to the Financial Times. Pointing to companies such as Carillion, Interserve and Patisserie Valerie, the newspaper said investment managers have been blamed for failing in their stewardship duties and for not preventing corporate blow-ups. The FT noted that some of the UK’s best-known fund managers now plan to vote against tarnished individuals on the other corporate boards they sit on.