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Responding to setbacks, KPMG adds outside directors

Tammy Whitehouse | April 30, 2018

After some major hits to its reputation, KPMG has decided to add outside directors to its board.

In an open letter, Lynne Doughtie, KPMG’s U.S. chairman and CEO, said the firm regularly evaluates ways to improve how it manages the business. “In 2017, certain events, and the actions of a few former colleagues, caused us to take a deeper dive into examining our culture and values and to assess with fresh eyes how we could improve and best position our more than 100-year-old firm for future success,” she wrote.

Questions about audit outcomes at Wells Fargo and General...

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