STANDARD BANK GROUP | Appointment of independent external auditors: PricewaterhouseCoopers

Status
95.57% votes in favour
AGM date
Previous AGM date
Proposal number
3
Resolution details
Company ticker
SBK:SJ
Submitted by
Momentum Metropolitan Life Ltd
Resolution ask
Other ask
ESG theme
  • Governance
ESG sub-theme
  • Anti-corruption
Type of vote
Accounts/reports, auditor appointment or ratification
Filer type
Management
Company sector
Financials
Company HQ country
South Africa
Supporting materials
  • _static_file_Investor20information_Shareholder_information_and_notice_of_AGM_2024 (1) (002).pdf Download
  • SBG 2023 Annual Financial Statements.pdf Download
Supporting statement
PricewaterhouseCoopers Inc. has been auditing Standard Bank Group Ltd for 61 years. That is concerningly long past the 10 year audit tenure cap. Independence is therefore compromised, and we recommend the issue of a new joint tender. Furthermore, this is against the Momentum Proxy Voting Policy. We acknowledge the appointment of Ernst & Young as the new Joint auditors.

How other organisations have declared their voting intentions

Organisation nameDeclared voting intentionsRationale
Momentum Metropolitan Life LtdAgainst

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