Principles of Governance

As our PwC Global Strategic leader wrote in his recently published book “Ten years before midnight”, we are in the middle of four crises (crisis of prosperity, crisis of technology, crisis of institutional legitimacy and crisis of leadership). Each crisis is urgent and must be responded to immediately with creativity, imagination and stubborn persistence. This agenda has clearly been placed on businesses in order to help them achieve their ambitions, and as challenges keep rising, stakeholders are increasingly looking to business to play a stronger role in creating long-term sustainable value.

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Due to the nature of our services, it is key for PwC to be independent at all times. Independence is not only at the cornerstone of the quality we deliver to our clients, but it also underpins the trust we give them. Being independent ensures that we are free of any vested interests, or conflicts of interest, towards our clients when providing services to them. This is particularly important in relation to our Audit and Assurance services.

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To act in a legitimate manner and according to the highest ethical standards is the responsible way to conduct a business. Our employees, clients and public are entitled to expect that type of behaviour from business leadership.

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PricewaterhouseCoopers Luxembourg, operating as a Société coopérative since 1 July 2012 (“PwC Luxembourg” or “our Firm”), is a company with limited liability incorporated under Luxembourg law. It is registered with the Luxembourg Business Registers under number B 65477 with a subscribed capital of EUR 942,900 and a total of capital and reserves of EUR 26,367,736 at 30 June 2020 and is registered as an approved audit Firm (“cabinet de révision agréé”) as per the Law of 23 July 2016 on the audit profession as amended. It is owned by individuals providing Audit, Tax or Advisory services in Luxembourg.

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