An independent review highlights ‘repeated failures of leadership’ that battered its global reputation.
PwC Australia pledges trust restoration with culture shift, transparent financial reports, and three new independent board members.
PwC Australia set out a string of reforms as it released an independent review on Wednesday that highlighted shortcomings including a “whatever it takes” focus that may have led to “integrity failures”. The report criticised the excessive power conferred on the chief executive and cited a perception of “cronyism” in the choice of the top job and other key roles.
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