4/8/2018 North West Europe - QA

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Rashwan, Osama (IE - Dublin)
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North West Europe - QA

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West Europe - QA
Deloitte
This QA is put together based on the questions our practitioners in Finland presented to Tomi
(https://fi.deloitteresources.com/deloitte/Pages/Home.aspx)
Deloitte Pitkänen, Country Managing Partner, and Eero Lumme, Chairman of the Board, in October 2016.
G “All nine countries joining North West Europe are working hard to make Deloitte the undisputed
(https://fi.deloitteresources.com/deloitte)
Läpinäkyvyysraportti leader globally, not only as in NWE. We are all playing for the best of Deloitte’s clients and talent
globally, not just in NWE markets and NWE headquartered clients only. I hope these answers bring
(https://www2.deloitte.com/fi/fi/pages/about- more clarity into the upcoming North West Europe integration, Finland’s and Nordic’s role in it and
deloitte/articles/lapinakyvyysraportti- the opportunities we all want to turn into reality together. Keep your questions, ideas and thoughts
deloitte-finland.html)
coming!” says Tomi Pitkänen.”
Historia

(https://fi.deloitteresources.com/deloitte/Pages/Historia.aspx)
Strategia ja johtamismalli
g Integration Structure Talent Clients Culture
(https://fi.deloitteresources.com/deloitte/Pages/Strategia-
ja-johtamismalli.aspx)
1. Is our future member firm Deloitte North West Europe or Finland?
Arvot
Deloitte in Finland will be part of the Deloitte member firm North West Europe, like all the
other 8 founding member countries will belong to that same NWE member firm. We will
(https://fi.deloitteresources.com/deloitte/Pages/Arvot.aspx)
Henkilöstömäärä continue to have the Finnish legal entities in Finland to operate the businesses in the
Finnish market.
(https://fi.deloitteresources.com/deloitte/Pages/Henkil%C3%B6st%C3%B6m%C3%A4%C3%A4r%C3%A4.aspx)
Yritysvastuu
g 2. Will Nordic be just one member firm inside North West Europe?
No, there will be just one member firm, North West Europe. Nordic will be a geography
(https://fi.deloitteresources.com/deloitte/corp)
within North West Europe, along with the geographies of UK-Swiss, Netherlands and

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Videot Belgium. A geography will have authority to make decisions close to the market and
talent.

(https://fi.deloitteresources.com/deloitte/Pages/Videot.aspx)
3. Will Deloitte Nordic vanish when North West Europe is effective?
Rekisteriselosteet
No, Deloitte Nordic will continue to exist inside North West Europe as a geography, as
described above.
(https://fi.deloitteresources.com/deloitte/Pages/Rekisteriselosteet.aspx)
m
4. What is the role or decision making power of Service Area or Service Line leaders going
forward?
As a key principle, decisions will be made as close to the clients, markets and people as
possible. Our local Business Leaders, Service Area or Service Line leaders will play an
important role going forward also. A good perspective to remember is that e.g. by
appointing Nordic leaders, we are not aiming to reduce the decision making power or our
local leaders but rather introduce a completely new level of strategic and operational
leadership on matters that we did not have before. Joint Nordic investments are a good
example: our local leaders have more responsibility and mandate to operate to pursue
and turn investments successful.

5. How do you prevent UK from dominating the North West Europe as they generate more
than half of the revenue?
This is a joint effort of all North West Europe member firms and we’ll learn a lot from the
UK as they will learn a lot from us also. All member firms join the integrated NWE with
their own strengths and development potential. It is important to acknowledge that the
UK have the scale and experience in leading and developing a multi-billion sized business.
None of the other NWE countries have that experience yet. This is why we all benefit from
UK playing an important role in the NWE.

We have been very decisive and united that we want to operate under the connected
autonomy principle, i.e. make decisions as close to the clients, markets and people as
possible and build on more connectedness where it makes sense. “Domination” by one
country is not foreseen and does not fit in the way we have agreed to operate.

We do understand that when we learn to work as one NWE, there will be moments where
somebody may feel that the UK is dominating. These are the moments where we will
need to walk some extra miles to make sure our viewpoints are heard and understood

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correctly.

We will also need to understand, be open for and appreciate the other perspectives to
really understand what is best for Deloitte, as that may not always be what we initially
think. We have leadership and governance in place to make sure we all strive for the same
goals in a well-balanced way. Together with other Finnish and Nordic leaders, we are
available to discuss any of your concrete observations in this regard as I can assure you
that all nine countries want to make this a success – and success is built only with good
dialogue and understanding where we need to do differently.

6. How were the member firms selected to be part of North West Europe?
These are the nine countries that wanted to and had the readiness to be the first movers
and founding members of NWE. We are very proud that Finland together with other
Nordic countries made the decision to start integrating already as of 1 June 2016.

7. How many practitioners does North West Europe have?

Deloitte North West Europe will bring together 28,000 professionals, including more than
2,000 partners.

8. Who will own Deloitte & Touche Oy in the future?

Deloitte & Touche Oy will continue to be owned by the local partners in the future, too. In
addition, Deloitte North West Europe LLP will become a shareholder in Deloitte & Touche
Oy. Deloitte Oy and Deloitte Corporate Finance Oy are fully owned subsidiaries of Deloitte
& Touche Oy and their shareholding will not change.

9. How is the ownership divided between partners of different member firms / countries?
Partners will continue to own their local country entities and become partners in Deloitte
North West Europe LLP.

10. Will the individual member firms, like Finland, still have responsibility for its revenue?
Yes, a good business principle is that we continue to have this responsibility. However,
within NWE we’ll recognise cross-border roles, activities and contribution and there will be
mechanisms to compensate these on a fair basis.

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4/8/2018 North West Europe - QA

11. How will country specific goals be set and measured?

We are in the process of planning for FY18 and will share further details when that is
ready. A continued country Profit & Loss responsibility is one of the building blocks in this
planning. As part of the planning, we are looking at a number of goals, referred to as the
“North Stars”, which set common global goals for all Deloitte member firms, of course by
recognising where each of the firms is starting from.

12. How will the profit be divided between the North West Europe countries?
All countries will need to strive for and deliver sustainable profitable growth and all
countries are expected to contribute their part to the NWE and Deloitte globally. There is
a mechanism to ensure sustainable fairness within NWE.

13. What is the role of North West Europe in relation to the US? Will it gain a stronger role in
e.g. developing methodologies and tools?
North West Europe will be the second largest member firm within Deloitte (US being the
largest). Therefore, NWE will play a very important role in Deloitte globally.

Useful links

Are you ready for NWE?

Check out the FAQ for any questions. (https://nordic.deloitteresources.com/Pages/North-West-

Europe---FAQ.aspx)

Contact Details

Alarotu, Anne (FI - Helsinki) (https://mysitesdr.deloitteresources.com:443/Person.aspx?

accountname=i%3A0%C7%B5%2Et%7Cadfs%7Caalarotu)
Senior Manager

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