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Liberal Democrat chief Sir Vince Cable says new claims about Sir Martin Sorrell imply WPP should come clean over his exit from the promoting large.
It follows reviews a WPP inquiry into Sir Martinas soon as Britain's highest paid FTSE 100 chief governmentprobed allegations involving a s3x employee.
Sir Martin strongly denies the declare, however the conclusions of the inner inquiry haven't been printed.
Sir Vince mentioned the secrecy was damaging the City and fostering wild rumours.
"It is clear that WPP must publish the report into Sorrell's departure, if for no other reason than to stop any more rumours," Sir Vince mentioned.
"Shareholders should not be kept in the dark. We're in danger of returning to the City's worst pre-financial crisis practices. WPP and Sorrell can help prevent a return to that damaging environment that by putting NDAs (non-disclosure agreements) and secrecy to one side."
His feedback come forward of WPP's annual shareholder assembly on Wednesday the place questions are anticipated to be raised about Sir Martin's resignation in April.
News earlier this yr that the world's largest promoting firm had referred to as in legal professionals to analyze alleged misconduct by Sir Martin sparked a flurry of hypothesis about use of firm cash and belongings.
Sir Martin resigned from WPP after 30 years on the helm, and has now arrange a new promoting company. WPP mentioned the inquiry had concluded, nevertheless it couldn't launch the main points due to knowledge safety points.
But over the weekend, it was alleged within the Wall Street Journal that the probe regarded into whether or not he used firm money to pay for a s3x employee.
Sir Martin's spokesman "strenuously" denied the claims, however mentioned there was "a non-disclosure settlement when he stepped down which precludes him from discussing any of the circumstances surrounding his departure.
"He has rigidly adhered to this obligation and will not stop to do so. As regards the allegations which have appeared in the Wall Street Journal, Sir Martin strenuously denies them. He will be making no further comment at this time."
WPP says it can't disclose the conclusions of its inquiry due to knowledge privateness legal guidelines. The UK Information Commissioner's Office advised the BBC that "without the full facts" it was unimaginable to say if this was the proper judgement.
The lack of awareness is anticipated to be raised at Wednesday's annual assembly. Two shareholders advisory teams, Glass Lewis and Pirc, have criticised the dearth of transparency, and urged buyers to vote in opposition to resolutions on the assembly.
Glass Lewis has acknowledged that with out extra info from WPP, shareholders have been unable to find out whether or not Sir Martin was a "good leaver", including that it had "severe reservations" in regards to the agency's pay plans, given the dearth of disclosure.
Sir Martin is in line to obtain £14m from WPP, having obtained £48.1m the yr earlier than. He will obtain additional funds over the following 5 years as a part of his exit deal.
Pirc famous in a report that beneath his contract, Sir Martin would "not have been entitled to any further payment if he had engaged in conduct that constitutes wilful gross neglect or wilful gross misconduct".