The clearing of Andrew Forrest of undisclosed and unspecified “wrongdoing” by law firm Seyfarth Shaw must come as a relief to the Fortescue Metals board, which commissioned the review after receiving a letter alleging Forrest had had a relationship with an employee.
No board likes unpleasantness with its largest shareholder. And the reassurance must be doubly sweet for the many board members with long associations with Fortescue’s larger-than-life founder, with whom any turbulence would have been exceedingly awkward.
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
