A powerful chair who happens to be the former CEO should be a headache for Spar investors, though its big shareholders seem decidedly untroubled.
It turns out the governance wallahs are dead right to be borderline obsessive about ensuring the independence of the chair.
Recommended practice 34 of the King code leaves no room for doubt: “The CEO of the organisation should not also chair the governing body, and the retired CEO should not become the chair of the governing body until three complete years have passed after the end of the CEO’s tenure.”..
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Behind Spar’s toxic governance fumbleThe Spar board is in deep conflict with its franchisees and its independence is in considerable doubt, given chair Graham O'Connor’s former role as CEO.
Read more »
Behind Spar’s toxic governance fumbleThe Spar board is in deep conflict with its franchisees and its independence is in considerable doubt, given chair Graham O'Connor’s former role as CEO.
Read more »
Behind Spar’s toxic governance fumbleThe Spar board is in deep conflict with its franchisees and its independence is in considerable doubt, given chair Graham O'Connor’s former role as CEO
Read more »
Behind Spar’s toxic governance fumbleThe Spar board is in deep conflict with its franchisees and its independence is in considerable doubt, given chair Graham O'Connor’s former role as CEO.
Read more »
Behind Spar’s toxic governance fumbleThe Spar board is in deep conflict with its franchisees and its independence is in considerable doubt, given chair Graham O'Connor’s former role as CEO.
Read more »
Behind Spar’s toxic governance fumbleThe Spar board is in deep conflict with its franchisees and its independence is in considerable doubt, given chair Graham O'Connor’s former role as CEO.
Read more »