Thomson Reuters Corporation : Thomson Reuters and Independent Audit to Host Strategic Discussion on Corporate Governance

 Thomson Reuters Corporation : Thomson Reuters and Independent Audit to Host
                 Strategic Discussion on Corporate Governance

Baroness Wheatcroft and other distinguished executives to lead discussion on
most challenging questions facing global boards and their governance practices

LONDON, 10 May, 2013 - Thomson Reuters, the world's leading source of
intelligent information for businesses and professionals, and Independent
Audit Limited, the top UK specialist board and governance consultancy, today
announced that they will host the second in a series of board-level events
that provide CEOs, chairmen and non-executive directors with a forum to
discuss some of the most challenging issues regarding effective board
governance today.

The invitation-only event Is Corporate Governance a Dangerous Distraction?
will take place at Clothworkers' Hall in the City London on Wednesday, 19 June
under Chatham House Rule.

The distinguished panel leading the evening's discussion is comprised of:
Baroness Wheatcroft, well-known business journalist and non-executive director
of Fiat and St James's Place; Glen Moreno, chairman of Pearson and deputy
chairman of the Financial Reporting Council; Lord McFall, current member of
the House of Lords Economic Affairs Committee and former chairman of the
Treasury Select Committee; and Ian Armitage, former chairman of private equity
firm HgCapital.

The panel and discussion will examine whether governance is little more than a
remedy for what is a systemically flawed approach to oversight and has
resulted in it becoming a distraction from what's really needed. It will look
to answer specific questions such as whether corporate governance gives
misplaced confidence that management are really being held accountable, ways
to achieve alignment between executive and shareholder interests, as well as
the value of relying on non-executives when looking at corporate governance
and risk.

"Experience of Board practice around the world shows that an inherent tension
exists between box ticking and behaviour management," said Ken Olisa,
chairman, Independent Audit Limited, and non-executive director, Thomson
Reuters. "Corporate Governance codes - at least in the UK - are meant to
support the latter and not the former. I look forward to our distinguished
panel's examination of the degree to which this lofty ambition is borne out in

"Economic uncertainty, increased regulatory requirements and greater
regulatory scrutiny are making the environment for corporate governance ever
more complex," said Mark Schlageter, managing director, Governance, Risk &
Compliance, Thomson Reuters. "The demands and responsibilities being placed on
the Board of Directors relating to accountability and transparency are
becoming increasingly difficult to navigate. Events like this provide the
perfect forum for board members to come together, discuss the challenging
issues they face, and the solutions that can help them have visibility into
the entire risk picture across their organizations. We feel very privileged to
be co-hosting this important board-level event again."

For more information or to request an invitation, please visit the event web
site here.

Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial and risk, legal, tax and accounting, intellectual property and
science and media markets, powered by the world's most trusted news
organisation. With headquarters in New York and major operations in London and
Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and
operates in over 100 countries. Thomson Reuters shares are listed on the
Toronto and New York Stock Exchanges. For more information, go to

Independent Audit
Independent Audit are leading advisors for board, governance and assurance
effectiveness. We have worked with many FTSE100 and FTSE250 companies,
pension funds, charities and public sector organisations. Our integrated
services are unique: we provide full external reviews of the Board,
committees, risk governance, internal audit, external audit and behaviour &
ethics, assessing how different parts of the governance structure are working
and how well they link up, or looking in detail at specific governance and
assurance issues.  Our web-based governance self-assessment service, Thinking
Board, provides an easy-to-use alternative approach to assessing
effectiveness, ensuring that all the angles are covered in a way that provokes
fresh thinking. For more information, go to


Thomson Reuters                  Independent Audit
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Source: Thomson Reuters Corporation via Thomson Reuters ONE
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