Enron collapse may have implications for Airtours - TravelMole


Enron collapse may have implications for Airtours

Monday, 05 Feb, 2002 0

Enron’s collapse may force Airtours to review its use of Andersen as the company’s auditors at its annual general meeting in Manchester this week.

It follows Andersen’s role in the collapse of US energy giant Enron. At the meeting on Thursday Airtours shareholders will be asked to approve the reappointment of Andersen, but some have already indicated they are unwilling to do so.

According to reports on ft.com, corporate governance consultancy Pirc is calling on its clients to oppose the reappointment of Andersen. Pirc has expressed concern about the fact that Airtours finance director David Jardine was a partner at Andersen until March 2000 before joining Airtours later in the year.

An Airtours spokeswoman told TravelMole that the company is satisfied with the service provided by Andersen, saying it provides “good value for money” and added that David Jardine’s appointment had been subject to “rigorous scrutiny.”

Airtours shareholders will also vote on the proposed name change to MyTravel at this week’s meeting.

For TravelMole users interested in the effect of Enron’s collapse on the accountancy profession, read: Enron: The story so far



 



Most Read

Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns

James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel

Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination

Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics

Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy

Bubba O’Keefe on Clarksdale’s Vibrant Music Scene

Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee

Craig Ray and the Expansion of the Blues Trail

Presenting Mississippi’s Cultural Trails with Katie Coats

Robert Terrell: A Journey Through BB King’s Influence

Rochelle Hicks: Celebrating Mississippi’s Musical Legacy

Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari