PwC Australia partners are now judged on a range of measures that go beyond billings, a back-to-the-future change part of a suite of reforms that the firm’s inaugural independent chairman says is designed to prevent a repeat of the tax leaks scandal.
John Green, who took up the role in August, conceded that the firm had a long way to go before it had fixed a culture that had been described in a damning report into the scandal as having a “growth at all costs” focus, where rainmakers were seen as “untouchables” to whom “the rules [didn’t] always apply”.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.