Wednesday, 4 April 2018

WPP boss Sir Martin Sorrell faces personal misconduct allegation

WPP is investigating an allegation of personal misconduct against its chief executive Sir Martin Sorrell.

The world's largest advertising agency said its board had appointed independent counsel to conduct the investigation.

"The allegations do not involve amounts which are material to WPP," the firm said in a statement on Tuesday.

Mr Sorrell responded on Wednesday, saying he rejected any allegation of financial impropriety "unreservedly".

"Reports in the media have stated that WPP is investigating an allegation of financial impropriety by me, specifically as to the use of company funds," Sir Martin said in a statement.
"This allegation is being investigated by a law firm. I reject the allegation unreservedly but recognise that the company has to investigate it," he said.

"I understand that this process will be completed shortly."

Sir Martin added: "As a significant share owner, my commitment to the company, which I founded over thirty years ago, remains absolute - to our people, our clients, our shareholders and all of our many stakeholders. "

BBC       News.

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