New BOD - New Start - General Discussion, page-90

Pwc is in a world of trouble now.

Embattled consulting giant PwC Australia will put nine senior partners on leave and will “ringfence” all federal government advisory work as part of a suite of measures designed to signal to the Commonwealth the firm is taking decisive action over its ongoing tax leaks scandal.

Other moves revealed to partners at a meeting on Monday morning include the firm’s chairman Tracey Kennair and its governance board risk chairman Paddy Carney stepping down from their roles and the appointment, for the first time, of two independent non-executive directors to its board.