Skilled providers agency PwC has appointed impartial director John Inexperienced as non-executive chair of its governance board, alongside Lisa Chung as an impartial director.
John Inexperienced replaces present chair Justin Carroll from this month, bringing greater than three many years {of professional} expertise in monetary providers and as a accomplice at two distinguished legislation companies, in addition to time spent on a variety of boards.
“John is an distinctive addition and can make an excellent chair,” Carroll stated. “He’ll be capable to draw from his many years of expertise to carry an outside-in perspective, maintain administration to account, and ship a brand new stage of oversight.”
A former funding banker and government director with Macquarie Group, Inexperienced additionally at the moment sits on the boards of the Cyber Safety Cooperative Analysis Centre and monetary providers firm Challenger Group, and is the chair of UOW (College of Wollongong) International Enterprises and Pantera Press, an impartial Australian e book writer which he co-founded in 2008.
Chung likewise brings an in depth authorized and governance background, together with presently serving because the chair of Australian Unity as beforehand that of planning and design consultancy Urbis. Different present board positions embody AVJennings and Warren and Mahoney, in addition to being a member of the Committee for Sydney and a basis board trustee with the Artwork Gallery of NSW.
“Collectively, John and Lisa carry enhanced ranges of impartial thought and governance expertise to our board, facilitating extra strong problem and oversight,” Carroll stated. “Their contributions ought to imply selections impacting the way forward for the agency are scrutinised with extra impartial eyes, holding administration to an identical stage of accountability as high tier ASX-listed firms.”
Chung will be part of PwC’s board in September because the second of three impartial members promised as a part of the agency’s tradition and governance reforms agreed to within the wake of its authorities tax scandal. The agency’s skilled providers rivals – together with BDO and KPMG – have additionally been including impartial administrators, whereas breakaway Scyne has likewise put in an out of doors chair.
PwC has additionally taken the extra step of appointing boutique legislation agency Webb Henderson alongside former NSW supreme court docket chief justice Tom Bathurst to independently monitor the progress of its reforms, with the agency stating it had already addressed 35 of its 47 commitments. The appointments coincide with the agency’s newest look earlier than a parliamentary enqury into the tax leaks.
