AMP has released the conclusions of an independent report into the conduct of former AMP Capital CEO Boe Pahari following his demotion.
The independent report has been the subject of heated debate after Mr Pahari’s accuser, Julia Szlakowski, questioned AMP’s characterization of the incident as a ‘low level breach’.
AMP has now released the report’s conclusion – the full report has not been publicly released – and said that it still believed the matter was “dealt with appropriately” in 2017.
“For these reasons I find that there was poor judgement exercised by [Boe Pahari] during this evening and one moderate and two minor incidents which overall added up to a relatively modest breach of the AMP Workplace Behaviour and Equal Opportunity Policy,” Andrew Burns QC wrote.
“However this involved a senior manager who ought to have been observing a high standard of equality and diversity practice and who ought to have had a much better understanding of how his actions might be perceived by and may affect a junior colleague.”
AMP said a “range of actions” were applied upon receipt of the report and that a settlement was reached with Ms Szlakowski in March 2018 when she left AMP Capital.
“I deeply regret the events in 2017, and I apologise to Julia Szlakowski,” Mr Pahari said.
“I also acknowledge the significant impact the matter has had on our clients, our people, and AMP’s shareholders. I have decided to stand down as AMP Capital CEO in the interests of all parties, and to minimise disruption to the business."
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