PwC Australia Puts Nine Partners on Leave as Scandal Deepens (1)

PwC Australia is putting nine senior partners on leave and appointing independent directors to its board as the embattled firm seeks to claw back confidence in the wake of a tax scandal.

The company will ringfence business conducted with Australia’s government to minimize conflicts of interest and boost governance, according to a statement Monday. The chairs of its governance board and its designated risk committee also stepped down from their respective roles.

“We are announcing these actions today, despite the fact that our investigation continues, because we recognize that our stakeholders want more transparency in order to restore confidence in ...