While former partners are no longer part of the firm, some are part of a retirement plan which is affected by its continuing profitability. ausbiz
Top brass at PwC are stepping up their efforts to placate restive retired partners, inviting them to a webcast next Wednesday during which the firm’s acting chief executive will attempt to explain how she will extract the company from ongoing tax leak scandal.
PwC has been left facing the prospect of having its clients named in a Senate hearing next week after one of its partners, Peter Collins, used confidential government information to advise them on how to minimise their tax bills. The firm’s chief executive, Tom Seymour, resigned on Monday.
She wanted an opportunity to introduce herself and take questions, Stubbins added. “I’m committed to ensuring we learn from our mistakes and restore the high standards of governance, culture and accountability that you, our people, our clients and external stakeholders rightly expect.” While former partners are no longer part of the firm, some are part of a retirement plan which is affected by the continuing profitability of PwC.The webinar invitation follows an earlier email from Stubbins, first reported byon Thursday, in which she apologised for the growing scandal and said she would work to “get our business reputation back on track” with the federal government and regulators.
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