Our Values Story

Our Values Story

OUR VALUES STORY

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OURVALUES JOURNEY | SURVEY LAUNCH

SURVEY LAUNCH | OURVALUES JOURNEY

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WHY WE ARE CHANGING OUR VALUES

Our current Values were first defined more than 18 years ago.

Since then we have experienced a lot of change.

With our people, our clients and the world as a whole.

Therefore we think it’s the right time to rethink our Values.

And rearticulate Values that will be - fit for today and for the future.

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OURVALUES JOURNEY | SURVEY LAUNCH

SURVEY LAUNCH | OURVALUES JOURNEY

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THE BEGINNING OF OUR NEWVALUES

OUR VALUES WORKSHOPS

1:2:1 INTERVIEWS WITH LEADERSHIP TEAM

OUR VALUES STORY TO DATE – WATCH THIS 5 MINUTE INTERVIEW WITH KAREN DUFFIN

COVID IMPACTED

EIGHT

18 FOCUS GROUPS

VIRTUAL WORKSHOPS HELD IN APRIL | MAY

SIX VALUE THEMES DISCUSSED | TESTED IN THE WORKSHOPS TO SHAPE AND REFINE.

170 EMPLOYEES FROM 13 DIFFERENT OFFICES INPUTTED

200 + ATTENDEES PARTICIPATED

ACROSS ALL THE OFFICES.

59 BROAD VALUES ESTABLISHED

AND LOTS OF CANDID FEEDBACK RECEIVED.

6 COMMON THEMES

SURVEY LAUNCH | OURVALUES JOURNEY

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OURVALUES SURVEY

A SNEAK PEAK OF OUR SIX DRAFTVALUES

HERE ARE OUR SIX DRAFTVALUES DETERMINED FROMTHE FOCUS GROUPS ANDWORKSHOPS FOR YOU TO CONSIDER.

PSSST!

TAKE A SNEAK PEAK AT THE VALUES SO FAR...

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OURVALUES JOURNEY | SURVEY LAUNCH

SURVEY LAUNCH | OURVALUES JOURNEY

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PSSST!

BEING GENUINE

BEING COLLABORATIVE

BEING SUPPORTIVE

TAKE A SNEAK PEAK AT THE VALUES SO FAR...

Being GENUINE means we are open about what we think, believe and feel. By being true to who we are, we can be committed to being our best self and see the good in each other. Our differences are something that we appreciate as it makes us stronger. We say when we don’t agree with something and listen to understand when someone does not agree with us. Trust has to be earned and we nurture it by doing the right thing, respecting each other and by being the best version of ourselves.

Being COLLABORATIVE means we are committed to working with each other to deliver the best possible outcomes. We recognise that everyone has an important part to play and that we all bring unique skills, qualities and experience that are greater than their component parts. We believe that working as a team, sharing our skills, knowledge and experience is the right thing to do to help each other succeed, as well as give our clients an even better answer to their problems. We are doing the right thing by: X Supporting, encouraging and empowering each other X Building strong and lasting relationships X Helping each other succeed X Sharing our knowledge, skills and experience and learning from each other X Being inclusive. And we don’t X Put up barriers that stop collaboration X Act selfishly X Show favouritism X Take credit for other people’s work.

Being SUPPORTIVE means we value and look out for each other. Building meaningful relationships based on trust, respect and understanding is important to us. We believe that empowering and looking to help one another creates opportunities for everyone to succeed. We learn from each other and recognise when someone needs our help. We are considerate in our actions, play our part and are committed to helping each other, our clients and our society as a whole. We are doing the right thing by: X Listening, supporting and nurturing the ideas of others X Acknowledging and appreciating people for their contribution X Treating each other with kindness, respect and understanding X Supporting each other to overcome challenges and be successful X Making a positive difference. And we don’t X Prioritise our own needs to the detriment of someone else’s X Take people or relationships for granted X Tolerate manipulative behaviour X Turn a blind eye or assume it’s someone else’s responsibility.

We are doing the right thing by: X Role modelling our Values

X Being our best selves X Respecting each other

X Being thoughtful and considerate towards each other X Empowering each other to be the best version of ourselves. And we don’t X Ignore problems or avoid having difficult conversations X Accept dishonesty or insincerity X Disregard opinions and beliefs because they differ from our own X Stay silent when we see someone in need of support or encouragement.

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SURVEY LAUNCH | OURVALUES JOURNEY

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PSSST!

BEING BOLD

BEING RESPONSIBLE

BEING ENTHUSIASTIC

TAKE A SNEAK PEAK AT THE VALUES SO FAR...

Being BOLD means we are innovative and ambitious in an evolving world. We are curious, initiate ideas and make change happen – even if it feels uncomfortable. We are willing to try something new and prepared to take appropriate risks but never at the detriment of quality or our code of conduct. In a world that is changing at pace, we know that it demands us to be forward thinking, pragmatic and willing to challenge the way things have always been done – to come up with new and innovative ways to help us all move forward. We are doing the right thing by: X Looking for new ways of doing things X Challenging the status quo; and exercising professional scepticism X Encouraging, sharing and building on new ideas X Stepping out of our comfort zone X Taking action and being proactive X Asking questions. And we don’t X Assume that innovation is someone else’s responsibility X Act irresponsibly X Focus on problems without offering solutions.

Being RESPONSIBLE means that we take responsibility for the impact that we have on ourselves, on others, our firm and the public interest as a whole. We believe that doing the right thing starts with our own actions and that we have a choice how we respond, irrespective to how others behave towards us. We deliver quality in everything that we do and behave in an independent, objective and ethical way. We learn from our mistakes, do not blame others for our choices and take pride in doing the right thing. We are doing the right thing by: X Taking responsibility for our own choices, actions and behaviour X Delivering to the highest possible standard and quality in everything we do X Playing our part to contribute to our firm’s and each others’ success X adhering to the fundamental principles of integrity, objectivity, independence and professional scepticism that underpin high quality audit X Taking pride in what we do. And we don’t X Blame others for our mistakes or avoid taking responsibility X Compromise on quality, independence and ethics X Avoid problems if they need resolving X Ignore something just because it’s “too hard” X Fail to consider and apply the Audit Firm Governance Code and the Ethical Standards.

Being ENTHUSIASTIC means we are passionate about the things we do. We have a positive outlook and we are solution focussed. We believe that shared enthusiasm creates an environment where we can all enjoy what we do and succeed.

We are doing the right thing by: X Choosing to have a positive outlook and sharing it with others X Being solution focussed X Finding enjoyment in our day to day work X Identifying opportunities to make a difference to each other and our communities X Being resilient and supporting each other during times of adversity. And we don’t

X Discourage, disrupt or be overtly negative X Give up without looking to find a solution X Stop caring.

HAVE YOUR SAY INOUR UPCOMING VALUES SURVEY!

THE VALUES SURVEY LAUNCHES MONDAY, 20 JULY. Only by participating and sharing your views, will we know what is important to you, to incorporate this into our thinking, ahead of the new Values being launched.

HAVE YOUR SAY!

FOR MORE INFORMATION:

The proposals contained in this document are made by BDO LLP and are in all respects subject to the negotiation, agreement and signing of a specific contract. This document contains information that is commercially sensitive to BDO LLP, which is being disclosed to you in confidence to facilitate your consideration of whether or not to engage BDO LLP. It is not to be disclosed to any third party without the written consent of BDO LLP, or without consulting BDO LLP if public freedom of information legislation applies and might compel disclosure. Any client names and statistics quoted in this document include clients of BDO LLP and may include clients of the international BDO network of independent member firms. BDO LLP, a UK limited liability partnership registered in England and Wales under number OC305127, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. A list of members’ names is open to inspection at our registered office, 55 Baker Street, London W1U 7EU. BDO LLP is authorised and regulated by the Financial Conduct Authority to conduct investment business. BDO is the brand name of the BDO network and for each of the BDO member firms. BDO Northern Ireland, a partnership formed in and under the laws of Northern Ireland, is licensed to operate within the international BDO network of independent member firms.

KAREN DUFFIN [email protected] MICHELLE EL-HAJ [email protected]

Copyright © July 2020 BDO LLP. All rights reserved. Published in the UK.

www.bdo.co.uk