You can find out more about how these bodies work together to lead and support the firm below.
Three INEs are positioned as part the PGB, and attend its meetings as well as being invited to partners’ meetings and meetings with the CEO, and other leadership as appropriate.
The INEs who sit on the PGB are responsible for moderating the overall governance of the firm, enhancing its performance in meeting the purpose of the Audit Firm Governance Code (AFGC), and ensuring that the firm’s operations are aligned to its public interest role and that it maintains and improves the quality of its audits.
INE appointments are subject to FCA conduct rules. Appointment to Chair of the PGB is subject to formal FCA approval.
There are also two INEs positioned on our Audit Quality Board.
In addition to the SLT and the PGB, the firm has several other governance bodies in place who work to ensure that the firm maintains and improves the quality of its operations, particularly its function as a licensed auditor acting in the public interest.
On behalf of the PGB, the Remuneration Committee reviews our partner profit-share process, the remuneration of the leadership team, associated diversity indicators and partner exits.
On behalf of the PGB, the Investments Committee considers specific circumstances relating to matters including capital and investment expenditure, disposals and property.
The Public Interest Committee, which consists of those INEs who are positioned on the PGB, oversees the firm’s procedures for ensuring audit quality and serves to enhance stakeholder confidence in the public interest aspects of the firm’s activities.
The Nominations Committee is primarily responsible for the recruitment, induction and performance evaluation of our INEs. They are also involved in facilitating and reviewing the process to appoint partner- members onto the PGB.