Peter Moyo is lying, purposely diverting attention from own actions – Old Mutual

Former Old Mutual CEO Peter Moyo. Picture: YouTube

Old Mutual accuses its former CEO Peter Moyo of a deliberate attempt to divert attention from his actions to Chairperson Trevor Manuel.

Also, read:

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

Arabile Gumede (in for The Money Show’s Bruce Whitfield) interviewed Vikeshni Vandayar, Executive for Governance and Corporate Services at Institute of Directors in Southern Africa (IoDSA).

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

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This article first appeared on 702 : Peter Moyo is lying, purposely diverting attention from own actions – Old Mutual


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