Lloyd’s of London’s former CEO, John Neal, is under fire for failing to disclose a “sufficiently close” personal relationship with colleague Rebekah Clement — a breach that could’ve signaled a conflict of interest. Though no romance or shady promotion was proven, the Council of Lloyd’s says the lack of disclosure violated global compliance rules. Despite senior managers raising concerns and Neal promising to change, his behavior didn’t improve. Investigators interviewed 40 people, and both Neal and Clement — now gone — refused cooperation, with Neal even withholding his phone. While penalties were considered, Neal had already forfeited unvested pay. The chair admits it was a serious failure and says new internal safeguards are now in place to prevent future lapses.
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