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How to improve the functioning of Audit Committees further?

Roundtable

How to improve the functioning of Audit Committees further?

 

In June 2012, FEE published a Discussion Paper on the functioning of Audit Committees. This discussion paper was intended to be a starting point to enhance thought-leadership on the future evolution of Audit Committees within Europe. To foster the debate, FEE has organised a Conference on ‘How to improve Audit Committees further?’ on Tuesday, 5 February 2013 in Brussels.

This high level conference brought European decision makers and relevant stakeholders including audit committee members, auditors, investors and regulators together to discuss further improvements of the functioning of audit committees. Stimulating closer cooperation throughout the audit engagement, especially the exchange of high quality information between audit committees and the external auditor, will be of great benefit to the company and to the external auditor. To this extent, and considering that one or more members of an audit committee are often trained accountants, FEE is aiming at enlarging and widening the debate.

For more details please see the relevant documents below. If you require additional information, please contact Noémi Robert, Project Manager, at [email protected].

Related files:

document pdf text FEE Roundtable on Audit Committees – Highlights 1303

document pdf text Programme

document pdf text Speakers’ Bios

document pdf text Press Release

document pdf text Presentation Andrew Chambers Keynote speech

document pdf text Presentation Nathalie Berger

document pdf text Presentation Carol Lambert

document pdf text Presentation Jella Benner-Heinacher

document pdf text Presentation Andrew Dougal

Related links:

Discussion Paper on the Functioning of the Audit Committees

Photo Gallery view

 

Program

  • 09:30 - 09:04

    Registration and Coffee

  • 10:30 - 09:04

    Opening and Welcome

    André Kilesse, FEE President

  • 10:45 - 09:04

    Opening Keynote Speech

    Professor Andrew Chambers, Deputy Chair of the FEE Company Law and
    Corporate Governance Working Party
    FEE Discussion Paper “The Functioning of Audit Committees” - Survey Outcome
    and Recommendations for Improvements

  • 11:15 - 09:04

    SESSION 1: Composition and Competences of audit committees

    Policy perspective on audit committees, Nathalie Berger, European Commission
    Head of Unit, Audit and Credit Rating Agencies
    National regulator point of view from the UK Financial Reporting Council (FRC), Roger
    Marshall, FRC Board Member
    The views of a preparer of Financial Statements, Dr Christian Holzherr, former CFO
    of Celesio AG and EnBW, Audit Committee Chair of Herrenknecht AG, Member of the
    Supervisory Board of Stuttgart Stock Exchange
    Perspective of an Audit Committee Chairman, Carlos Soria, Chairman of the Audit
    Committee, La Seda de Barcelona Group and Corporación Químico-Farmacéutica
    Esteve
    Moderator: Andrew Chambers, Deputy Chair, FEE Company Law and Corporate
    Governance Working Party, author of “Corporate Governance Handbook” et al.

  • 12:45 - 09:04

    Buffet lunch break

  • 13:45 - 09:04

    SESSION 2: Responsibilities of audit committees in a challenging environment

    Auditors’ views from Carol Lambert, Partner, Deloitte France, specialised in
    Corporate Governance matter
    Views of investors and shareholders, Jella Benner-Heinacher, President of
    Euroshareholders
    Trade union point of view of Walter Vogt, IG Metall, Germany
    Perspective of an Audit Committee Chairman and Non-Executive Director, Andrew
    Dougal, Audit Committee Chair, Carillion and Creston
    Moderator: Jörgen Holmquist, Chairman, European Corporate Governance Institute
    (ECGI)

  • 15:20 - 09:04

    Closing speech

    Giacomo Bugna, FEE Vice President, Chair of the FEE Company Law and
    Corporate Governance Working Party

  • 15:30 - 09:04

    End of Conference