Peter Moyo is lying, purposely diverting attention from own actions – Old Mutual
Old Mutual accuses its former CEO Peter Moyo of a deliberate attempt to divert attention from his actions to Chairperson Trevor Manuel.
The company says Moyo has made “false and unwarranted” allegations against Manuel.
Old Mutual suspended Moyo in May and fired him in June, naming conflict of interest with investment company NMT Capital – of which Moyo is a founding member - as the reason.
The suggestion by Mr Moyo… that the Old Mutual non-executive directors are under the sway of the board chair and were incapable of exercising independent judgement in reaching the conclusion that there has been a breakdown in trust and confidence in Mr Moyo is totally without foundation. This is deeply disrespectful to the women and men of high standing, business experience and integrity who make up the board of Old Mutual…Old Mutual
Listen to the interview in the audio below (and scroll down for quotes from it).
It is an individual’s responsibility to declare conflicts of interest they may have. And it’s for the board to decide if it’s manageable…Vikeshni Vandayar, Executive for Governance and Corporate Services - Institute of Directors in Southern Africa
You should be looking… if there’s conflict before making an appointment.Vikeshni Vandayar, Executive for Governance and Corporate Services - Institute of Directors in Southern Africa
Enjoy The Money Show, but miss it sometimes?
Get the best bits emailed to you daily, right after it ends:
This article first appeared on 702 : Peter Moyo is lying, purposely diverting attention from own actions – Old Mutual
Transport Minister Fikile Mbalula outlined the relaxation of transport regulations under Level 3 of the national lockdown during a media briefing on Saturday.Read More
Initially, it’ll allow up to 150 cars, says Mother City Drive-In co-founder Lyle Masters.Read More
Getwine.co.za COO says before lockdown there was also a rush of sales and in fact, many liquor stores depleted their stock.Read More
Bright Path Consulting invested in mask-making with a group of women in the community and gave Groote Schuur Hospital 5000 masks.Read More
The Covid-19 pandemic and the economic destruction in its wake has left some of us wondering if we'll ever be able to retire.Read More
Investors are not exactly confident to invest in shares and trade on the markets during these times.Read More
Lots of small businesses are going under or holding on by the skin of their teeth .Read More
On Monday many sectors of the economy will return to business as usual.Read More
"I'd rather they keep on rerunning the World Cup final," says Jan de Koning (rugby365). "I’ll watch it 10 times every day!"Read More
Farhana Monier, owner of artisan woodworking company Leafy tech explains how they pivoted their business during lockdown.Read More