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Bain & Company Statement: December 20, 2019

Bain & Company Statement: December 20, 2019

Johannesburg – December 20, 2019 – Bain & Company rejects Mr Athol Williams’ latest assertions against the firm and we vehemently deny that we were not transparent with him about the findings from our internal investigation or withheld material information from him. 

We also reject out of hand Mr Williams’ allegations that Bain in any way attempted to coerce him or influence him through monetary levers or otherwise. Mr Williams rejoined Bain & Company as a partner in 2019 and we welcomed him back into the firm because we believed he could help us better understand and rectify some of the actions relating to our engagement with SARS.[1]   As with all of our employees, current and former, Mr Williams signed confidentiality agreements when he rejoined Bain. Exit negotiations with former senior employees are standard and it is always our hope that employees leaving Bain of their own volition recognise that they were treated fairly and equitably.

As we have previously stated publicly, Bain has conducted a thorough investigation into all aspects of our engagement with SARS. This investigation, which is now complete, did not find any evidence that Bain was involved in any scheme with Mr Moyane to damage SARS. Consistent with our commitment to be transparent, Bain & Company approached the relevant South African authorities in July of this year to reaffirm our commitment to fully cooperate in any investigation.

We have acknowledged that we made mistakes in our work at SARS, but the firm had no motive, monetary or otherwise, to damage SARS.

Bain’s focus continues to be on implementing our remedy plan and to make ongoing positive contributions to the South African people and South African society.

 

[1] Mr Williams agreed to rejoin Bain & Company as a partner in the firm’s Johannesburg office in 2019.  Mr Williams previously served as an advisor to Bain from September 2018, at Bain’s invitation, in relation to our work at SARS.

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À propos de Bain & Company

Bain & Company est le cabinet de conseil international qui accompagne les dirigeants ambitieux pour transformer leurs entreprises en pionnières du monde de demain.  

À travers 65 bureaux dans 40 pays, nous faisons équipe avec nos clients autour d’une ambition commune : atteindre des résultats exceptionnels qui leur permettent de dépasser la concurrence et de redéfinir leur secteur. En appui de nos expertises intégrées et personnalisées, nous proposons aux entreprises l’accès à un écosystème dynamique qui rassemble les acteurs du digital et de la technologie les plus innovants. Grâce à cette approche, les résultats obtenus par nos clients sont supérieurs, plus rapides et plus durables.

À travers notre engagement d’investir plus d’un milliard de dollars sur 10 ans dans des activités bénévoles, nous mobilisons nos talents, ressources et expertises auprès d’associations et organismes à but non lucratif pour répondre aux défis urgents qui s’imposent en matière d’éducation, d’équité raciale et sociale et de développement économique et environnemental.   

Depuis la fondation de Bain & Company en 1973, nous mesurons notre succès à l’aune de celui des entreprises qui nous font confiance : nous sommes fiers de bénéficier du taux de recommandation le plus élevé de notre secteur du conseil.  

Davantage d’informations sur notre site : www.bain.com/fr

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