EY Loses Corrections Contract Amidst Misconduct Fallout
Source: The DairyNews
EY, formerly Ernst & Young, has faced a setback as Corrections terminates its contract to review sexual harassment procedures in the wake of internal misconduct issues.
Initially awarded the contract to assess Corrections' handling of sexual harassment complaints, EY found itself under scrutiny after revelations surfaced regarding a senior EY employee's promotion despite a sexual harassment complaint against them. Corrections' decision to terminate the contract came after EY announced its own independent review of misconduct complaints within the organization.
The situation escalated further when Fonterra, EY's prominent client, requested the removal of EY contractors under investigation for misconduct fr om its projects. Fonterra initiated an internal investigation and raised concerns about the presence of implicated EY staff at its premises, leading to heightened scrutiny of EY's internal culture.
EY's response to these developments included launching a new review of misconduct complaints spanning the past five years, acknowledging areas wh ere the company had fallen short of expected standards. Despite EY's efforts to address concerns and reassure Corrections of its commitment to improvement, Corrections decided to terminate the contract and appoint a new independent consultant for the review.
EY Managing Partner Simon O'Connor affirmed support for Corrections' decision and emphasized the company's dedication to assisting in the transition to another independent consultant. The incident underscores the importance of robust procedures and a culture of accountability in addressing workplace misconduct effectively.
The situation escalated further when Fonterra, EY's prominent client, requested the removal of EY contractors under investigation for misconduct fr om its projects. Fonterra initiated an internal investigation and raised concerns about the presence of implicated EY staff at its premises, leading to heightened scrutiny of EY's internal culture.
EY's response to these developments included launching a new review of misconduct complaints spanning the past five years, acknowledging areas wh ere the company had fallen short of expected standards. Despite EY's efforts to address concerns and reassure Corrections of its commitment to improvement, Corrections decided to terminate the contract and appoint a new independent consultant for the review.
EY Managing Partner Simon O'Connor affirmed support for Corrections' decision and emphasized the company's dedication to assisting in the transition to another independent consultant. The incident underscores the importance of robust procedures and a culture of accountability in addressing workplace misconduct effectively.
