Investor activists urge shareholders to take action over non-audit fee conflicts of interest, as two companies face governance votes
The Pensions Investment Research Council raised concerns about non-audit fees paid to PricewaterhouseCoopers connected with its audit of Sage, and fees paid to Deloitte in connection with its audit of Paragon.
The moves came as a new report also indicated that UK firms may run greater conflicts of interest than their European counterparts.
PIRC has recommended that shareholders abstain from the vote on the re-appointment of Sage auditors, PwC, which earned £1.3m in non-audit fees from the technology giant, and £1.5m for the audit.
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