Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has recently acknowledged investigations by the Austrian Economic and Corruption Prosecutor’s Office (WKStA) involving its CEO Harald Neumann and over 100 others. The investigations originated in 2019, but Ainsworth has maintained transparency with gaming regulators since they were first disclosed.
Key Points
- Ainsworth acknowledges WKStA investigations initiated in 2019 involving CEO Harald Neumann.
- The company informed regulators about the status of the investigations at various intervals since becoming aware in August 2019.
- No ASX announcements were deemed necessary, as the investigations lacked definitive evidence.
- Neumann was appointed CEO in October 2021 following a probity investigation that deemed him suitable for the role.
- All but one of the WKStA investigations involving Neumann have been discontinued with no wrongdoing found.
Why should I read this?
If you’re in the gaming industry or simply interested in corporate governance, Ainsworth’s transparency regarding these investigations is a big deal. This article keeps you in the loop about the internal mechanisms ensuring compliance and regulatory fitness, especially as the landscape evolves rapidly.