AMP board to release Pahari investigation report



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.
Recommended for you
ETF investors would be wise to consider global or European exposure for their equity ETF allocations, according to AXA IM, with US government action expected to hit both its equity and bond performance.
A specialist ETF provider is seeking to become “the new Betashares” with its active ETFs, thanks to its use of algorithms to achieve outperformance.
Platinum Asset Management has entered into binding terms for a merger with L1 Capital with the firm to be renamed upon completion
Prime Value Asset Management has launched a retail fund investing in microcap companies, a new version of its existing wholesale offering.