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Regarding the Section 167 requirement for a large company exceeding the relevant threshholds to establish an audit committee, what reasons are acceptable for not establishing a committee?

The company, while meeting the requirements, has not established an audit committee under Section 167 Companies Act 2014. The reasons for this decision not to establish an audit committee are based on the fact that the company are either directly involved or are appropriately informed by other shareholders who are involved in the governance of […]

Regarding the Section 167 requirement for a large company exceeding the relevant threshholds to establish an audit committee, what reasons are acceptable for not establishing a committee?

The company, while meeting the requirements, has not established an audit committee under Section 167 Companies Act 2014. The reasons for this decision not to establish an audit committee are based on the fact that the company are either directly involved or are appropriately informed by other shareholders who are involved in the governance of […]