ID :
26771
Mon, 10/27/2008 - 09:50
Auther :
Shortlink :
http://m.oananews.org//node/26771
The shortlink copeid
Probe clears IMF chief;says he made serious error of judgement
Washington, Oct 26 (PTI) International Monetary Fund's Executive Board has concluded its enquiry into allegations of improper conduct involving its Managing Director Dominique Strauss-Kahn and has said that though he made serious error of judgement but there was no abuse of authority.
"Based on the facts established by the external counsel's
report, and the advice provided by the General Counsel and the
Ethics Officer regarding the applicable standards of conduct,
the Board has concluded that there was no harassment,
favoritism, or any other abuse of authority by the Managing
Director," an I.M.F. statement said.
I.M.F.'s Executive Board, under the chairmanship of A.
Shakour Shaalan, the Dean of the Board, concluded its enquiry
into allegations of improper conduct involving Dominique
Strauss-Kahn over the weekend.
"I am grateful that the Board has confirmed that there
was no abuse of authority on my part, but I accept that this
incident represents a serious error of judgement," Dominique
Strauss-Kahn said in a separate statement.
The executive board has noted that the incident was
regrettable and reflected a serious error of judgement on the
part of the managing director, as he has acknowledged and for
which he has apologised.
"I very much regret the incident and I accept
responsibility for it. I have apologised for it to the Board,
to the staff of the I.M.F. and to my family. I would also like
to reiterate my apology to the staff member concerned for the
distress this process has caused," Dominique Strauss-Kahn
added.
The board has reviewed the findings of an independent
enquiry carried out by external counsel, as well as an
analysis of the standards of conduct applicable under the
contract of the managing director.
"The Executive Board stressed that the personal conduct
of the Managing Director sets an important tone for the
institution and, as such, must be beyond reproach at all
times," the statement added.
The board considers that this matter is now closed and
looks forward to continuing to work with the managing director
and staff on the daunting challenges facing the membership.
Dominique Strauss-Kahn further said: "I agree with the
board that the personal behaviour of the managing director
sets an important tone for the institution and I am committed,
going forward, to uphold the high standards that are expected
of this position." PTI S.K.R.
RKM
"Based on the facts established by the external counsel's
report, and the advice provided by the General Counsel and the
Ethics Officer regarding the applicable standards of conduct,
the Board has concluded that there was no harassment,
favoritism, or any other abuse of authority by the Managing
Director," an I.M.F. statement said.
I.M.F.'s Executive Board, under the chairmanship of A.
Shakour Shaalan, the Dean of the Board, concluded its enquiry
into allegations of improper conduct involving Dominique
Strauss-Kahn over the weekend.
"I am grateful that the Board has confirmed that there
was no abuse of authority on my part, but I accept that this
incident represents a serious error of judgement," Dominique
Strauss-Kahn said in a separate statement.
The executive board has noted that the incident was
regrettable and reflected a serious error of judgement on the
part of the managing director, as he has acknowledged and for
which he has apologised.
"I very much regret the incident and I accept
responsibility for it. I have apologised for it to the Board,
to the staff of the I.M.F. and to my family. I would also like
to reiterate my apology to the staff member concerned for the
distress this process has caused," Dominique Strauss-Kahn
added.
The board has reviewed the findings of an independent
enquiry carried out by external counsel, as well as an
analysis of the standards of conduct applicable under the
contract of the managing director.
"The Executive Board stressed that the personal conduct
of the Managing Director sets an important tone for the
institution and, as such, must be beyond reproach at all
times," the statement added.
The board considers that this matter is now closed and
looks forward to continuing to work with the managing director
and staff on the daunting challenges facing the membership.
Dominique Strauss-Kahn further said: "I agree with the
board that the personal behaviour of the managing director
sets an important tone for the institution and I am committed,
going forward, to uphold the high standards that are expected
of this position." PTI S.K.R.
RKM
