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susanne de zordi nominated for board of directors at glarner kantonalbank
Susanne De Zordi is set to be proposed as a new member of the Board of Directors of Glarner Kantonalbank at the Annual General Meeting on April 25, 2025. Currently leading the Financial Services division at BDO AG, she has extensive experience in auditing and consulting for financial institutions. De Zordi will succeed Sonja Stirnimann, who is not seeking re-election.
susanne de zordi nominated for board of directors at glarner kantonalbank
Susanne De Zordi has been proposed as a new member of the Board of Directors of Glarner Kantonalbank, set to be elected at the Annual General Meeting on April 25, 2025. She will also take over as Chair of the Audit Committee from Sonja Stirnimann, who is not seeking re-election. De Zordi, currently leading the Financial Services division at BDO AG, brings extensive experience in auditing and advisory services, along with a strong academic background in business economics and finance.
Susanne De Zordi nominated for Glarner Kantonalbank Board of Directors position
Susanne De Zordi has been proposed as a new member of the Board of Directors of Glarner Kantonalbank, set to be elected at the Annual General Meeting on April 25, 2025. She will also take over as Chair of the Audit Committee, succeeding Sonja Stirnimann, who will not seek re-election. De Zordi, currently with BDO AG, has extensive experience in auditing and advisory services, particularly in the financial sector.
glarner kantonalbank appoints new board member with extensive financial expertise
Glarner Kantonalbank has filled the vacancy on its Board of Directors left by Sonja Stirnimann's resignation. Susanne De Zordi, currently heading the Financial Services division at BDO, will be proposed for election at the Annual General Meeting on April 25, 2025. De Zordi brings extensive experience in accounting, controlling, and auditing, having previously worked with PricewaterhouseCoopers and in consulting roles focused on financial market law.
auditors face scrutiny for failures in credit suisse collapse investigation
PwC's audit of Credit Suisse has come under scrutiny following a report from the Parliamentary Commission of Inquiry, which highlighted a lack of proactive oversight from regulatory bodies. Despite the auditors' association expressing relief over the findings, the GWP report criticized the supervisory authority for not implementing stricter inspections during a critical period for the bank. The situation escalated when U.S. regulators warned Credit Suisse of potential embezzlement just hours before its annual report, leading to a panic that ultimately contributed to the bank's downfall.
auditor independence questioned as financial authority calls for system reform
The downfall of Credit Suisse has raised serious concerns about auditor independence, particularly regarding PricewaterhouseCoopers (PWC), which saw a significant increase in audit fees despite the bank's financial turmoil. The Financial Market Authority (FINMA) is now advocating for a system change to enhance auditor independence, as current practices create dependencies that may compromise critical oversight. This situation echoes past criticisms of auditing firms, notably following the Swissair bankruptcy, where PWC was also involved.
auditors face scrutiny as independence concerns rise in financial oversight
The downfall of Credit Suisse has raised serious concerns about auditor independence, particularly regarding PricewaterhouseCoopers (PWC), which saw a significant increase in audit fees despite the bank's financial turmoil. The Financial Market Authority (FINMA) is advocating for a system change to ensure auditors are less dependent on their clients, as evidenced by PWC's failure to adequately address critical accounting issues leading to substantial losses for CS. This situation echoes past criticisms of auditing practices, highlighting a persistent need for reform in the industry.
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