the risks of potential conlficts of interest. Principles or regulations could override the principles or provide We take any potential conlfict seriously additional requirements with which a member ifrm must and if a conlfict is identiifed, the network When we recruit staff from governments and related comply. However, we expect member ifrms to have a is committed to facilitating member ifrms’ agencies or when our people leave PwC to join those common minimum approach in line with these principles. efforts to take timely steps to address it. organisations, our principles are: Member ifrms maintain internal controls and processes to identify potential conlficts ■ When government ofifcials join PwC, we uphold any and comply with relevant regulations. professional restrictions the government or the law Network programmes reinforce the need imposes on them. Where there are no rules, we put to act in accordance with the PwC Code appropriate restrictions in place of Conduct and frameworks for ethical decision-making at both a member ifrm ■ When government ofifcials join PwC, they do not and network level. The network and represent us in front of those government bodies member ifrms understand that there is they previously represented for a period of at least a greater risk of conlfict, or a perception one year, or for a longer period if prescribed by of such issues by our stakeholders in the government some key areas (including working with government) and there are separate ■ When a senior PwC person joins a body that has principles to deal with these areas. regulatory oversight of PwC and our practitioners, we advise the body of any ongoing ifnancial interest Working with government they have in PwC (e.g. pension arrangements), and ask that the individuals are not involved in making The PwC network has a set of principles decisions about PwC for at least one year and until it expects to be followed by all ifrms when that ifnancial interest concludes hiring a former government ofifcial or when someone from PwC takes a senior ■ So we can uphold the practice outlined in the point post in government. When we refer to above, we take steps to request retired partners to government in this context, the term covers advise us before accepting an appointment with any not only organisations regarded as strictly government body or regulatory agency governmental, but also organisations that regulate or have public oversight of the There will be differences in how these principles apply to professional services that we provide. local circumstances for our member ifrms, as local laws