Finance giant gets external consultants in to check workplace behaviour

The review is part of the firm's wider effort to 'accelerate cultural transformation'

Finance giant gets external consultants in to check workplace behaviour

Financial advisory firm AMP has unveiled a comprehensive plan to reassess its company culture – in a bid to create a “more respectful and inclusive” environment for employees.

AMP has appointed diversity and inclusion specialist Symmetra to review workplace behaviour as part of the firm’s wider effort to “accelerate cultural transformation”.

“The review will objectively assess conduct at AMP, and make recommendations covering policies, leadership, governance and behaviours. Symmetra will then work with AMP to implement and embed the recommended changes,” the financial advisory firm said.

Symmetra will also deliver an inclusive leadership program that aims to improve performance across all levels of the organisation, AMP said.

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Group CEO Francesco De Ferrari believes there is still much work to be done, but that the firm is committed to supporting its people.

“While there are many positive elements in our culture, we acknowledge that we have significant work to do,” De Ferrari said.

“The workplace conduct review and inclusive leadership program we’ve announced today are an important investment in our people and will help us create the high performing, inclusive culture we want for the company,” the CEO said.

The initiatives presented this week follow the work of AMP’s Inclusion Taskforce, which De Ferrari chairs and which includes employee representatives from across the firm.

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AMP Chair Debra Hazelton will also helm a newly created Culture Working Group to help the board formulate a framework for driving culture, governance and strategy, and turning AMP’s values into concrete action.

“The board and I acknowledge the critical need to create a more diverse, inclusive and safe workplace,” Hazelton said.

“By articulating the board’s beliefs regarding the preferred organisational culture, we intend to provide foundational support for Francesco’s number one priority – to create a culture built on mutual trust and respect, which in turn drives high performance,” she said.

The changes at AMP follow the recent controversy surrounding its top fund manager Boe Pahari who faces sexual harassment complaints from a female colleague.

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