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  "documentTitle": "Amcor plc (pro forma Amcor-Berry Global combination) (AMCR)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2020-03-10 00:00:00",
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  "notes": "Uses callout boxes to contrast media reporting on conflict of interest with the company's proxy statement regarding the departure.",
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      "kind": "callout",
      "text": "Amcor’s Audit Chair Mentioned In The AFR Related To Potential Conflict-of-Interest",
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      "text": "Amcor Proxy Statement",
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      "kind": "callout",
      "text": "Spruce Point has always warned to be wary when the relationship between the Company and auditor are very close.",
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      "text": "Spruce Point has always warned to be wary when the relationship between the Company and auditor are very close. In Amcor’s case, we observe that Paul Brasher, its Audit Chair, was Chairman of the Global Board at PwC. The close relationship became the focus of an AFR article in March 2019, and Brasher left the Board in Sept 2019.",
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      "kind": "quote",
      "text": "“Paul Brasher, a Director and Chairman of the Audit Committee, will retire from the Board on September 30, 2019”",
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      "text": "Fears that PwC Australia’s burgeoning conflict-of-interest controversy over retirement payments made to former partners will spread to overseas member firms is piling pressure on local leadership to resolve the widening issue. The firm on Friday denied that the global board had become involved, even as AFR Weekend identified another ex-partner who is receiving payments from the firm and working as an audit committee head at a listed company where the auditor is also PwC. The PwC engagement with Amcor, along with the previously identified Vocus where a similar arrangement is in place, are estimated to be worth about $13 million in audit and non-audit fees to PwC. Amcor, where former PwC senior partner Paul Brasher is head of the audit committee, declined to comment. Amcor are unable to provide comment on your questions,” a spokesman said. In 2018, Mr Brasher received US$221,807 ($312,140) as a director of Amcor. In the same financial year, PwC’s received US$8.1 million ($11.5 million) in fees from Amcor for audit and non-audit work.",
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      "text": "Fears that PwC Australia's burgeoning conflict-of-interest controversy over retirement payments made to former partners will spread to overseas member firms is piling pressure on local leadership to resolve the widening issue. — Australian Financial Review \"PwC Fears Payments Issue Will Go Global\", March 22, 2019",
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      "text": "Source: Australian Financial Review “PwC Fears Payments Issue Will Go Global”, March 22, 2019",
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      "text": "Audit Chair Leaves Under Unusual Circumstances",
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