Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has responded to recent media articles discussing investigations by the Austrian Economic and Corruption Prosecutor’s Office regarding CEO Harald Neumann and others. These investigations began in 2019 and involve over 100 individuals, including ties to Novomatic AG, the company’s controlling shareholder.
Ainsworth became aware of the investigations in August 2019 and communicated with relevant gaming regulators. The Board of Ainsworth assessed the situation and did not find it necessary to make a public announcement, highlighting that no substantial evidence existed to justify the allegations. Regular updates have been provided to regulators as part of their compliance procedures.
The investigations, which were initiated before Mr Neumann’s appointment as CEO in 2021, concluded that he was suitable for the role after a thorough probity investigation. Currently, only one investigation remains ongoing, which is expected to close without any findings of wrongdoing.
Source: Ainsworth comments on historical investigations into CEO Harald Neumann
Key Points
- Investigations into CEO Harald Neumann began in 2019 by the Austrian Economic and Corruption Prosecutor’s Office.
- The company is committed to transparency and has kept regulators informed throughout the ongoing investigations.
- No substantial evidence has been found against Mr Neumann, leading Ainsworth to deem him suitable for the CEO position.
- Current updates suggest that most investigations involving Neumann have been discontinued with no evidence of misconduct.
- The situation highlights Ainsworth’s dedication to regulatory compliance and corporate governance.
Why should I read this?
If the world of corporate governance and compliance tickles your fancy, this article sheds light on how Ainsworth is navigating a delicate situation involving its CEO. It’s not just about the investigations; it’s about how a company manages its reputation and keeps regulators informed while addressing public scrutiny. Catch up on this and see how corporate resilience plays out!