Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

AMP board to release Pahari investigation report

amp/culture/boe-pahari/

19 August 2020
| By Mike |
image
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

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

3 days 4 hours ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

4 weeks ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

4 weeks 1 day ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

5 days 22 hours ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

2 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND