Argo Group International Holdings, Ltd. has taken action to strengthen its internal controls following its probe on the perquisites enjoyed by former chief executive Mark E. Watson III.
In a 71-page proxy statement filed by the international underwriter ahead of its April annual general meeting, Argo revealed the results of its extensive investigation which examined the ex-CEO’s use of corporate aircraft, his travel and entertainment expenditures, and any other amounts paid by or benefits provided by the company at Watson’s request or on his behalf from 2014 to 2019.
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