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https://theconversation.com/a-year-after-the-pwc-scandal-the-furore-is-gone-as-well-as-any-real-appetite-for-structural-change-232258>
"It was a scandal that rocked the shaky foundations of Australia’s trust in big
business early last year.
Management consulting giant PwC had worked with the federal government to
develop plans to curb corporate tax avoidance. Then it leaked those plans to
corporations who would want to circumvent them.
Heads rolled in the aftermath. PwC Chief Executive Tom Seymour resigned, along
with a number of board members. Politicians railed against the betrayal,
bringing the entire consulting sector under intense public scrutiny.
In March 2023, the Senate kicked off a formal inquiry to figure out what could
be done to make sure this did not happen again. And this week, the inquiry’s
much-awaited final report was released.
Senator Richard Colbeck, who chaired the committee, said:
The evidence provided to the committee in this inquiry has convinced the
committee that decisive action is required.
Strong words, but just how decisive are the committee’s actual recommendations?
The report’s 12 recommendations were mostly concerned with what government
should do differently."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
