This is by no means a diverse board… two out of 13 are females…— Nicola Kleyn, Gordon Institute of Business Science
Steinhoff – formerly one of South Africa’s largest companies – is buckling under the weight of an accounting scandal that has devastated its market value.
Since CEO Markus Jooste resigned last week the company has lost about 90% of its value, affecting the pension savings of many South Africans, and most public servants.
The Money Show’s Bruce Whitfield interviewed Gordon Institute of Business Science Dean (and marketing expert) Professor Nicola Kleyn.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
I can’t find information about who heads up Steinhoff’s audit committee…— Nicola Kleyn, Gordon Institute of Business Science
Steinhoff’s board can do with some change.— Nicola Kleyn, Gordon Institute of Business Science
We’re going to see who else was involved.— Nicola Kleyn, Gordon Institute of Business Science
This has to change your reputation.— Nicola Kleyn, Gordon Institute of Business Science
We have too few skilled directors, particularly, in this country…— Nicola Kleyn, Gordon Institute of Business Science
Corporate governance codes calls for independence…— Nicola Kleyn, Gordon Institute of Business Science
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby THE NEWSROOM
The Money Show’s Bruce Whitfield interviews RMB’s Head of the Blockchain Initiative Farzam Ehsani.
Your money, and Steinhoff… Bruce Whitfield interviews Certified Financial Planner Peter Calitz.
The Money Show’s Bruce Whitfield interviews Sygnia Group CEO Magda Wierzycka.
The Money Show’s Bruce Whitfield interviews Financial Mail Editor Rob Rose.
Bruce Whitfield interviews Steinhoff Chair Christo Wiese, the JSE's John Burke and Anchor Capital CIO Sean Ashton.
In the parenting feature, Nikki Bush chats about why schools need to implement Physical Development into their daily curriculum.
In the health feature, infectious diseases specialist Professor Helena Rabie talks about stomach bugs, and how to treat them.
The DA has written to President Cyril Ramaphosa asking him to initiate an urgent Special Investigation Unit into the case.
National Institute for Communicable Diseases says all cases traced back to the same bacterial strain and source needs to be found.
UCT planning expert raises concerns over bidder's proposed plans for Foreshore development.
E Cape Saps says they are investigating the murder of five police officers and one retired soldier at Ngcobo Police Station.