Ainsworth’s Comments on CEO Harald Neumann Investigations
Summary
Ainsworth Game Technology has responded to recent media articles regarding investigations by the Austrian Economic and Corruption Prosecutor’s Office (WKStA) involving its CEO Harald Neumann, which began in 2019. The investigations include over 100 people, including Neumann and Novomatic AG.
Ainsworth disclosed its awareness of the investigations back in 2019 and has kept gaming regulators informed of updates. Importantly, the company clarified it did not feel any immediate disclosure was necessary as the investigations lacked concrete evidence or definitive conclusions. Neumann, who became CEO in October 2021, was considered suitable for the role after a compliance investigation.
Currently, most investigations against Neumann have been discontinued, with ongoing reviews expected to conclude soon. Ainsworth reassures that there have been no findings of wrongdoing thus far.
Key Points
- Ainsworth acknowledges media reports regarding historical investigations involving CEO Harald Neumann.
- The investigations began in 2019, focusing on over 100 individuals including Neumann and Novomatic AG.
- Ainsworth ensured regulators were informed about the investigations as their compliance procedures advised.
- The company stated there was no requirement for disclosure as the investigations lacked definitive evidence.
- Most investigations against Neumann have been discontinued, with only one remaining under review.
Why should I read this?
If you’re involved in the gaming industry or just curious about corporate governance, this article sheds light on how Ainsworth is navigating complex regulatory waters while addressing serious allegations concerning its leadership. It’s not just a legal update; it’s critical insight into the standards of accountability that keep companies in check.