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Compass dismisses 3 executives
On 21 October Compass announced that it had instructed Freshfields to
conduct an investigation into the relationships between ESS, IHC and the
United Nations. Ernst & Young are assisting Freshfields in this
investigation.
The investigation, which is continuing, is being overseen by Steve Lucas,
Chairman of Compass’s Audit Committee. The investigation has raised
serious concerns as to whether, within ESS, there has been, in connection
with IHC and the UN, improper conduct and a failure to comply with the
Company’s statement of business principles (which apply to all staff,
whatever their seniority). As a result, Peter Harris, whose suspension was
announced on 21 October, is being dismissed, together with Andrew Seiwert
and a further mid-ranking executive who was associated with UN contracting.
The management of ESS is being restructured.
Compass will be continuing to cooperate voluntarily and fully as appropriate
with the UN and US authorities, including the Office of the United States
Attorney for the Southern District of New York.
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