Finablr's auditors EY resign over list of 'concerns' - Arabianbusiness:
Ernst & Young (EY) has resigned as auditor of Finablr, the embattled owner of foreign-exchange businesses including Travelex Holdings.
In a statement to the London Stock Exchange (LSE) on Monday, EY announced its resignation, citing concerns over corporate governance and the make-up of the board.
EY’s letter of resignation said there were “concerns arising out of recent events at the company and NMC Health plc…the composition of the board of the company, the adequacy of corporate governance concerns and the recent issues that have caused the company to commission an independent review of the company's financial arrangements, including of related party transactions and on and off- balance-sheet debt".
Prior to its resignation, EY had called for a number of changes to be made at board level.
No comments:
Post a Comment