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TRANSPARENCY REPORT | LEGAL STRUCTURE, OWNERSHIP AND GOVERNANCE
Public Interest Committee
The Public Interest Committee (PIC) has oversight over public interest
matters in relation to the firm's audit practice. Independent Non-Executives
(INEs) form the majority of the Committee's complement which enables
them to direct the Committee's work and ensure that its principal objectives
are fulfilled.
A sound ethical culture and ethical
decision-making are significant contributors
to the overall tone at the top of the firm and
how it delivers professional services. The
deputy ethics partner, Tom McMorrow, sits
on the PIC which ensures meaningful liaison
between the INEs, the Ethics Team and the
Head of Quality Assurance. The Ethics Partner
sits on the RSM UK Holdings Board so is
accountable to the INE, Vijay Thakrar, who is
also a NED for RSM UK Holdings Limited.
Members of the PIC are appointed to serve
for a period of three years, renewable by joint
agreement of the member and the firm.
The PIC meets quarterly before
Management Board meetings and
as required at other times during
the year.
The duties of the PIC are:
● to engage with external stakeholders
including regulators, investors and
shareholders, and respond purposefully
to any concerns;
● to ensure an appropriate culture and
tone at the top exists within the firm
● to engage with internal stakeholders
including meeting with the CEO and
Chairman of RSM UK Holdings Limited
and being satisfied that principals and
employees have a discreet avenue of
recourse for dispute resolution or counsel;
● to recognise and ensure the
firm's adherence to its public
interest responsibilities;