(Reuters) -Norfolk Southern’s board is inspecting allegations that Chief Govt Alan Shaw engaged in an inappropriate office relationship, CNBC reported on Sunday, citing three folks conversant in the matter.

Norfolk Southern (NYSE:) didn’t instantly reply to a Reuters’ request for remark.

The investigation is in its early levels, and it’s potential that no misconduct could also be uncovered, the report mentioned, including that the railroad operator is working with exterior authorized advisers on the probe.

In Could, activist investor Ancora received three board seats on the railroad operator however did not oust the railway’s chief government.

Ancora had proposed traders push Alan Shaw off the board and elect Jim Barber, a former chief working officer at UPS, in order that he may ultimately substitute Shaw as CEO. In addition they proposed Jamie Boychuk to turn out to be the chief working officer.

Shaw joined the corporate in Could 2022, changing Jim Squires.

The hedge fund argued new blood was wanted to enhance monetary and operational metrics and mentioned it might proceed to carry the corporate accountable for any future railway accidents or underperformance.

The Atlanta, Georgia-based firm reported working income of $3 billion within the second quarter, up 2% from final 12 months, narrowly lacking analysts’ estimates of $3.04 billion.