FMA Board Orders Independent Probe Into CEO Samantha Barrass, Appointing 1 Investigator
Updated
Updated · RiskinfoNZ · Aug 17
FMA Board Orders Independent Probe Into CEO Samantha Barrass, Appointing 1 Investigator
2 articles · Updated · RiskinfoNZ · Aug 17
Summary
Paul Wicks KC has been appointed to run an independent employment investigation into matters relating to FMA chief executive Samantha Barrass, the regulator’s board said.
The board said no findings or conclusions have been reached and gave no further detail, citing privacy, while stressing the probe is separate from MBIE’s conduct and culture review.
Barrass had previously been reported to be on leave as cultural concerns at the FMA surfaced.
James Miller was appointed FMA chair earlier in August for a five-year term after former chair Craig Stobo resigned in May.
What specific events triggered the sudden employment investigation into the FMA chief executive amidst allegations of a toxic workplace?
How can a financial regulator enforce corporate accountability when its own leadership faces dual investigations over severe workplace culture failures?