PwC Australia has been criticized in a report for overlooking rule-breaking behavior by high-earning colleagues in pursuit of revenue growth. The report highlighted an “overly collegial” culture that concentrated too much power in the hands of the Australian firm’s CEO, rewarding loyalty over challenging more senior partners. In response, PwC Australia has promised to implement governance changes, including appointing an independent chair above the CEO. The scandal that prompted the report involved a PwC partner who provided government tax information to colleagues who then used it to solicit business from US tech companies. The report comes as the firm faces multiple investigations and as it tries to restore its reputation in the country.
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