As a global board we work closely with PwC’s global leadership teams. This work includes reviewing their performance against our agreed strategy and objectives; setting, updating and overseeing the implementation Governance of the standards by which every member ifrm in the PwC network has agreed to abide; and liaising with the governance bodies of individual ifrms in the PwC network to share expertise and best practice. How we are organised, the standards we expect and the codes of conduct we live by In FY21 the board’s key areas of focus were the development of the new PwC network strategy - The Introduction from the Governance Chair of PwCIL, New Equation - as well as our ongoing response to Lisa Sawicki the COVID-19 pandemic, the quality of the services we provide and the impact of major initiatives such as I was honoured to be elected as the chair of the our New world. New skills. programme. PwC network’s global governance board in June 2021, having served as a global board member for As part of our continuous improvement efforts, the previous four years. I very much look forward to in FY21 the global board commissioned a chairing the global board and working with my fellow governance effectiveness review of itself. The board board members, including our two independent board is currently reviewing and implementing the key members Troy Paredes and Jan Sijbrand. recommendations. In the year ahead, the board is maintaining a tight focus on the quality of PwC’s During my ifrst term as a global board member, we services and reviewing the execution and impact of made some signiifcant strides towards being more The New Equation across the PwC network. open and transparent about how the PwC network is organised, and about the standards and behaviours We are encouraging all our member ifrms to have that we expect of our leadership team, member ifrms external board members on their governance bodies. and of all our people across our network. We also Please take a look at the progress we have made focused very closely on the quality of the services we in this area - along with many others - in this global provide to our stakeholders across all our businesses annual review. and right around the world. You can read more on these topics in this global annual review. Lisa Sawicki, Governance Chair of PwCIL