KPMG’s New Chairman Amid Scandal | Australia News

KPMG’s partners have elected Michael Ebeid as their new chairman — a move that’s both historic and deeply controversial. Ebeid, who isn’t even a partner, was chosen after the firm changed its own rules to allow it — a decision critics say undermines governance. But he’s already mired in scandal: KPMG allegedly spied on clients to gain competitive advantage, and Ebeid was part of the inner circle from the start. He recently apologized publicly for dismissing Senator Deborah O’Neill’s role in exposing the issue — calling his remarks “naive, embarrassing and wrong.” As hearings kick off this Friday, two top executives — the general counsel and head of HR — are stepping down amid criticism over how the firm handled whistleblower claims. The fallout continues as parliamentary investigators dig deeper into KPMG’s response, with more explosive details expected this week. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b33d73af8ea16a94