EY Eyes Giving More Power to Partners in Wake of Failed Split

Ernst & Young LLP is weighing a governance overhaul that gives more power to its partners and principals through a trio of entities that would steer the $21.5 billion US firm.

The draft plan is just the latest reform the firm has rolled out since the US leadership team pulled their support for a planned spin-off of EY’s global consulting business and much of its tax practice, foiling efforts to break up the network.

EY US intends to set up a management committee tasked with setting firm strategy, an advisory group to reflect the views of partners, ...