Last year when ComfortDelgro was trying to list its Australian business Deloitte was remunerated for advisory work.
Deloitte & Touche will cease to be the auditors of ComfortDelGro (CDG) following the latter’s annual general meeting (AGM) on April 29.
The proxy advisers recommended that shareholders vote against the re-appointment of Deloitte. This is because any non audit fees paid to the auditor can’t exceed 50% of the annual audit fee in a particular year.
