AMP's chief executive tells Parliament he is sorry about the handling of Julia Szlakowski's sexual harassment complaint, but does not believe the company is substantially different from the rest of corporate Australia.
AMP's chief executive has publicly apologised to Julia Szlakowski, a former executive who accused the company of downplaying her sexual harassment complaint against former AMP Capital boss Boe Pahari.He argues that AMP's problems are not "significantly different" from those of other large corporationsAMP boss Francesco De Ferrari appeared before a federal parliamentary inquiry on Thursday, where he insisted there was no systemic cultural problem at his company.
He said the internal problems at AMP widely covered by the press this year were "very distressing" and "clearly not acceptable", but he did not think they were reflective of a wider culture at the financial services giant. "I don't believe that AMP is significantly different from a lot of the issues that are present in a lot of large corporates," Mr De Ferrari said."These are very complicated matters to deal with because we need to deal with them respecting the privacy and confidentiality of all the people involved."We recognised in listening to feedback from our employees, from clients and shareholders, that the decision did not meet with the overall expectations.
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