Recently, ten senior partners from KPMG's Dubai office sent an email to KPMG International Chair Bill Thomas and several other top global franchise executives, imploring them to suspend the firm's local leadership in the Gulf. The email cited nepotism, cronyism, and a culture of fear perpetuated by UAE Chief Executive Nader Haffar.
The email represents the views of partners at KPMG Lower Gulf and levies a series of allegations against Haffer and his leadership team. The appointment of his brother-in-law as head of clients and markets, without disclosing their relationship to partners, is one such instance. Another involves independent directors receiving unusually large salaries of $500,000 or more, which may affect the board's independence.
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