The former Spar CEO and chair isn't going anywhere, despite concerns over his lack of independence and the retailer's underperformance during his tenure.
Spar Group’s board has recommended to shareholders that Graham O’Connor be re-elected as a nonexecutive director at the upcoming annual general meeting — notwithstanding the fallout over Spar’s many missteps under his watch, including, most recently, an acrimonious legal battle with one of its largest retailers.
In its recently released integrated annual report, the nominations committee says that in accordance with the board charter, O’Connor’s independence and performance were reviewed by the committee. “Based on the results of these assessments, as accepted by the board, the board recommends to shareholders that Graham … be re-elected as nonexecutive director of the company.”..
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.
ROB ROSE: Spar’s media threats backfireRetailer Spar hopes its mess won’t smell so bad if it keeps a lid on it. We know how that works out
Read more »
O’Connor’s ever-receding sell-by dateThe former Spar CEO and chair isn't going anywhere, despite concerns over his lack of independence and the retailer's underperformance during his tenure.
Read more »
WATCH: OUTA CEO encourages motorists to stop paying e-tollsOUTA CEO Wayne Duvenage is encouraging motorists to stop paying for e-tolls as the system is expected to be scrapped.
Read more »
Gemini’s Winklevoss calls for Digital Currency Group CEO’s headGemini crypto exchange co-founder Cameron Winklevoss called for the board of Digital Currency Group to remove Barry Silbert as chief executive officer.
Read more »
Financial Services Tribunal overturns R2.5m fine against deVere CEO Nigel Green | BusinessThe Financial Services Tribunal has set aside a R2.5 million fine against deVere CEO Nigel Green, with the counsel for the Financial Sector Conduct Authority acknowledging the authority erred in terms of section of legislation it accused him of contravening.
Read more »
JSE bars Steinhoff’s former CEO Markus Jooste from directorshipsJooste loses bid to appeal against the ban at Financial Services Tribunal and faces two fines of R7.5m
Read more »