A research company set up by the Federal government-owned Australian Superannuation Corporation has given Australian casino mogul James Packer and the 11-member of Crown Resorts board failing marks in terms of corporate governance and risk management capabilities.

The Regnan report was published just weeks after Chinese authorities rounded up and detained 18 Crown staffers, including its head of international VIP business Jason O’ Connor, for alleged “gambling crimes.”

According to the Daily Telegraph Australia, the confidential Regnan report, which was obtained by News Corp Australia, indicated that the casino operator “needs substantial improvement” in terms of corporate governance and risk management capabilities after garnering a failing mark of two out of five for the quality of Crown’s board members.

Former Qantas chief Geoff Dixon leads Crown’s three-person risk management committee. Its two other members are Crown chief executive Rowen Craigie and Rowena Danziger, the ageing former headmistress of Ascham, Gretel Packer’s exclusive Sydney high school.