This follows the outcome of an external investigation concerning workplace communications that the Boarrd concluded did not meet the standards set out in the Group Code of Ethics and Conduct.
QBE Group Chairman, Mike Wilkins said the Board of Directors completed an external investigation and have taken decisive action in relation to the outcomes.
“We are committed to having a respectful and inclusive environment for everyone at QBE. The Board concluded that he had exercised poor judgement in this regard.
While these are challenging circumstances the Board recognises and thanks Mr Regan for his hard work and contribution to strengthening QBE. However, all employees must be held to the same standards.”
What a waste of money, investigations and all.
QBE Price at posting:
$9.94 Sentiment: None Disclosure: Held
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(20min delay)