Home / Others / KPMG gets cold shoulder from GE shareholders

KPMG gets cold shoulder from GE shareholders



Shareholders of General Electric Co. approved KPMG LLP on Wednesday as the company's auditor for another year, but only after a high level of opposition following GE's accounting problems and criticism from proxy advisory firms.

Only 64.9% of GE shareholders voted to ratify KPMG as a GE auditor, according to preliminary figures released at GE's annual meeting. That represents one of the highest levels of shareholder opposition to an auditor in any company in recent years, according to data from the consulting firm Audit Analytics.

.


Source link