After the company’s failure to respond directly to shareholder concerns, FWRM has confirmed the Fareed matter was also reported in writing to both the SPX and RBF with no apparent response. The facts surrounding Fareed’s conviction last week have now been widely reported in the media. When Sun Insurance made the decision to hire Fareed, FWRM acknowledges, he had the benefit of being presumed innocent until a court passed judgement. “The silence, lack of curiousity and foot-shuffling of SPX and RBF, whose primary responsibilities include market regulation, is astonishing,” said FWRM Executive Director Nalini Singh. FWRM calls for the adoption of a compulsory zero tolerance policy to Sexual Exploitation Abuse and Harassment (SEAH) by all companies publicly listed, and offers training for the leadership of these companies.