WE Charity cancels all future events and pledges to review its policies
WE Charity is cancelling all events for the foreseeable future and pledging to review its organizational policies, according to a press release issued on Wednesday.
The news comes amid a nationwide scandal that has expanded to include Prime Minister Justin Trudeau, the Trudeau family, Finance Minister Bill Morneau and even members of the Conservative party.
"After much reflection and with great care and concern for all our stakeholders, we have made some important decisions to refocus on our mission," the charity said.
WE Charity says that it will "return to its roots" by prioritizing its international development work in Africa, Asia, Latin America and around the world.
The charity also intends to restructure its organization to make it more transparent to stakeholders.
"We are proud of the social impact WE has enabled, but we realize that its structure needs to be easier to understand and more transparent for all our stakeholders," the charity said.
As part of that process, WE Charity will now launch a "formal organizational review" led by Korn Ferry, a global organizational consulting firm.
The charity will also hire a chief risk and compliance officer, tasked with oversight of all risk management, regulatory and governance compliance.
WE Charity finished by saying that it intends to shift gears in the future to refocus on its mission.
"By making these changes within our organization, WE can move forward to the next 25 years of impact focused on what matters most: the communities and youth we serve," the charity said.
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