AMP board to release Pahari investigation report

amp culture boe pahari

19 August 2020
| By Mike |
image
image
expand image

The board of AMP Limited has reinforced its decision to appoint Boe Pahari to head up AMP Capital, issuing a statement to the Australian Securities Exchange (ASX) today saying that a 2017 employment complaint made against him had been taken seriously.

In doing so, it has said it is willing to release the Queen’s Counsel investigation report around the employment complaint and said it had contacted the complainant’s solicitors to seek her consent to release the report.

It said that Pahari had provided his consent.

The announcement said that the report would be redacted to remove names, initials and the job titles of any party, other than the complainant, Julia Szlakowski and Pahari.

It said that the current AMP board was advised of the matter prior to Pahari’s appointment as AMP Capital chief executive and another review was undertaken and that following that review all Board members were satisfied with the thoroughness of the investigation and the process that followed and that the consequences applied to Pahari were both significant and appropriate.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

1 month 3 weeks ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

2 months ago

Interesting. Would be good to know the details of the StrategyOne deal....

2 months ago

SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positiv...

2 weeks 2 days ago

Original bidder Bain Capital, which saw its first offer rejected in December, has returned with a revised bid for Insignia Financial....

1 week 2 days ago

The FAAA has secured CSLR-related documents under the FOI process, after an extended four-month wait, which show little analysis was done on how the scheme’s cost would a...

1 week ago

TOP PERFORMING FUNDS