Taking an audit of the audit committee

Independence in the boardroom . . . it's really not that straightforward

Proponents of good corporate governance are sometimes accused of adopting a "one size fits all" approach. Take as an example the composition of the audit committee. While 15 years ago the debate was whether an audit committee should be necessary in every instance, times have moved on. Now, having resolved that issue in the affirmative, the issue is who should serve on the committee.

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