{"id":26848,"date":"2023-06-24T04:41:33","date_gmt":"2023-06-24T08:41:33","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/petrofacs-auditor-reappointment-passes-with-low-shareholder-support\/"},"modified":"2023-06-24T04:41:34","modified_gmt":"2023-06-24T08:41:34","slug":"petrofacs-auditor-reappointment-passes-with-low-shareholder-support","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=26848","title":{"rendered":"Petrofac&#8217;s Auditor Reappointment Passes With Low Shareholder Support"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230623-703167\" role=\"document\">\n<p>By Michael Susin<\/p>\n<pre><\/pre>\n<p>Petrofac said Friday that a resolution to reappoint its auditors was approved with low shareholder support at the annual general meeting.<\/p>\n<p>The London-listed provider of services to the energy industry said that resolution 12 to reappoint Ernst &amp; Young as auditors passed with only 72.92% of the votes for.<\/p>\n<div class=\"paywall\">\n<p>Resolutions regarding pre-emption rights and authority to allot shares were also approved but received more than 27% of votes against.<\/p>\n<p>The company said that it will engage with shareholders who voted against the resolutions to understand their concerns, in accordance with the U.K. corporate governance code.<\/p>\n<pre><\/pre>\n<p>Write to Michael Susin at michael.susin@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/petrofac-s-auditor-reappointment-passes-with-low-shareholder-support-8170da56?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Michael Susin Petrofac said Friday that a resolution to reappoint its auditors was approved with low shareholder support at the annual general meeting. The London-listed provider of services to the energy industry said that resolution 12 to reappoint Ernst &amp; Young as auditors passed with only 72.92% of the votes for. Resolutions regarding pre-emption [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-26848","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Petrofac&#039;s Auditor Reappointment Passes With Low Shareholder Support | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Michael Susin Petrofac said Friday that a resolution to reappoint its auditors was approved with low shareholder support at the annual general meeting.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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