# The Public Investment Corporation board has welcomed the Financial Sector Conduct Authority’s investigation following a whistleblower report alleging unethical practices within the organisation. The FSCA has expressed concern about recent developments at the PIC, particularly those relating to governance and leadership stability. This follows the precautionary suspension of CEO Patrick Dlamini over allegations of impropriety contained in a whistleblower report. The board says it remains fully committed to cooperating with all regulators and ensuring that governance matters are addressed through independent, credible, and transparent processes.
PIC welcomes the Financial Sector Conduct Authority’s probe amid governance crisis