PwC has put in place a set of principles that our Network expects to be followed by all firms when hiring a former government official or when someone from PwC takes a senior post in government, due to the potential for conflicts of interest to arise. When we refer to government in this instance, it covers not only organisations regarded as strictly governmental, but also organisations that regulate or have public oversight of the professional services that we provide.
Having a set of principles for use across the PwC network helps us take a consistent approach and is intended to minimise potential conflicts and avoid the perception that confidences gained from one role could be used in another or for the advantage of a PwC firm.
When we recruit staff from governments and related agencies or when our people leave to join those organisations, our principles are:
There will be differences in how these principles apply to local circumstances for our member firms as local laws or regulations could override the principles or provide additional requirements with which a PwC firm must comply. However, we expect member firms to have a common minimum approach in line with these principles.