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The Supervisory Board is independent of the Management Board. Twelve of its members are elected by the firm’s partners for a four year terms of office, with six seats being filled every two years. In addition, the Chair of the Management Board and those partners who have been elected to the board of PricewaterhouseCoopers International Limited (that is the Global Board, and excluding any partner who would be ineligible to stand for election to the Supervisory Board) are ex-officio members who are deemed as elected members in certain circumstances as set out in the Members’ Agreement.
The Supervisory Board generally meets monthly but may occasionally hold additional meetings as necessary. Six of the current elected Supervisory Board members took office on 1 January 2021 and six on 1 January 2023.
The Supervisory Board provides the firm's Chair with guidance on matters of actual or potential concern to the partners. It is also responsible for:
The primary purpose of the Committee is to provide assistance to the Supervisory Board in fulfilling its legal and fiduciary obligations with respect to matters involving the accounting, auditing, financial reporting and internal control functions of the firm.
The primary purpose of the Committee is to ensure all partners are treated fairly, which includes monitoring and overseeing the annual partner income moderation process, reviewing partner medical provision, development, changes to benefits, flexible working and diversity. It also ensures that appropriate processes and procedures are in place to provide robust governance for example on direct partner admissions, retired partner programme and involuntary retirements.
The primary purpose of the Committee is to review, on behalf of the Supervisory Board, management’s risk framework, assessment and recommendations on enterprise wide risks including financial, operational and reputational risk.
The primary purpose of the Committee is to review the remuneration, talent development and, where appropriate, succession plans for the T&RC population. The T&RC population is defined as the UK Senior Partner, members of the Management Board (“MB”) and any UK partners on the Global Leadership Team or EMEA Leadership Team.
Those marked with an asterisk will serve until 31 December 2024 and the others until 31 December 2026.
The Chair of the Supervisory Board is Chris Burns. The Deputy Chair is Simon Ager.
London, PwC United Kingdom