EY spent $600 million and more than a year working on the split. A U.S. governance revamp floated last week could help EY appease partners and lessen the myriad challenges Di Sibio’s successor would stand to inherit. After the split failed, an overhaul of the U.S. unit’s structure was expected to be one of the primary short-term changes. That committee would nominate 10 elected partners for the governing board, on which the U.S. managing partner, Boland, would also sit. The governance board would be one of three separate bodies under the proposed framework.

Source: Wall Street Journal November 06, 2023 13:19 UTC