Newcrest Mining Limited
(ASX:NCM) has brought in a banking and finance executive to review its disclosure practices.
Newcrest is currently under investigation by ASIC for events leading up to the company's announcement of a $6 billion writedown earlier this month.
The company's shares plunged in the days leading up to the announcement, and there have been claims Newcrest tipped off some analysts about the writedowns before making an official announcement.
Newcrest says it has recruited former ASX chairman Maurice Newman to conduct an independent review of its disclosure and investor relations practices.
Mr Newman worked for 40 years in stockbroking and investment banking.
Newcrest generated a net profit of $339 million in the first half of the current financial year.
