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doubt 1) “Arrangements for removing the auditor have to be structured in such a way that:
-the auditor has sufficiently secure tenure of office, to maintain independence of management.”
Ma’am my english isn’t strong enough to understand this exactly. Could you help me out?
doubt 2) “Removal of the auditor can usually be achieved by a simple majority at a general meeting of the company. There are some safeguards, such as a specified notice period, to prevent the resolution to remove the auditors being suggested at short notice in order to influence the outcome of the vote.”
ma’am i can’t understand this either’ too convoluted. Can you shed some light?
Sorry for bothering you for such small things.
If you are seeing things in materials that are not “ours” I suggest that first you use the search feature to see if your query is already answered:
2) is assumed knowledge of LW (ENG and similar). See page 19 of our notes … to pass a resolution normally requires only “simple” majority (i.e. 50%). The auditor must be given notice of intent to remove him so he can respond, as necessary – e.g. if he wants to speak at the meeting at which the vote will be taken.